Reasons Behind Americans Delaying Tax Filing Revealed by New Survey
Sunday, 7 April 2024, 18:30
Why Some Americans Delay Tax Filing
A recent survey revealed that 48% of Americans had not filed their taxes by March 29, with reasons including lack of confidence in filing (13%), inability to afford extra taxes (12%), and difficulties finding accurate resources (8%).
What to Do
- If you're unsure how to file taxes: Utilize the IRS website or seek free tax software if eligible for IRS Free File.
- If you can't afford to pay taxes: Explore options like setting up an online payment plan or requesting an 'offer in compromise' from the IRS.
- If you're having trouble finding resources:
- Use the IRS website to access free volunteer tax help available for specific groups.
Bottom Line: Despite the delay in tax filings, it's essential to file before the deadline to avoid severe penalties. Utilize the best tax software to streamline the process and ensure compliance with tax laws.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.