Friday, March 30, 2018

Tax Day Survey: 58% of Americans Haven't Filed Yet

 
With Tax Day on April 17, here is a survey that reveals the majority of Americans are fiercely independent when it comes to taxes — but they shouldn't be.

Consider this: 

>> Nearly 70% of Americans file their own taxes—but 45% of Americans have no idea how the new tax bill will affect them.

To conduct the Pollfish Tax Day Survey, the researchers at Pollfish [http://www.pollfish.com]—the world’s leading mobile survey platform that successfully predicted the PA18 race by 1%)—asked 1,000 Americans about how they plan to file taxes.

*** POLLFISH TAX DAY SURVEY ***

(survey of 1,000 Americans, conducted on March 26, 2018)

>> 64% OF AMERICANS DO THEIR OWN TAXES
Only 36% of Americans hire an accountant—16% fill out the forms themselves while 48% use a tax software.

>> 21% OF AMERICANS ARE WAITING UNTIL THE LAST MINUTE TO FILE
58% of Americans haven't filed yet but will do so before the 17th. However, 1 in 5 wait to mail their taxes until April 17!

>> 45% OF AMERICANS HAVE NO IDEA HOW THE NEW TAX BILL WILL AFFECT THEM
Only 20% of Americans say they're very familiar with Trump's 2017 tax reform. 31% don't even know if the Act affects them, while 14% say they aren't familiar with the Act at all.

>> TOP 5 MOST RECOMMENDED TAX RESOURCES
Q: How likely are you to recommend using this company to a friend or colleague?

#1: TurboTax (31.4%)
#2: H&R Block (18.1%)
#3: IRS software--available to people below a certain income (14.1%)
#4: TaxAct (13%)
#5: Jackson Hewitt (10.4%)

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