HACKENSACK, NJ (StudyFinds.org) – Tax Day is back, and a new survey finds many Americans are STILL waiting to file their 2021 returns. In fact, one-third of taxpayers are waiting for the filing deadline to do their annual taxes. Unfortunately, that’s a big deal for a lot of people because 56% of Americans don’t even know when that deadline is!
In a poll of more than 1,100 people, commissioned by IPX 1031, 32% say they procrastinate when it comes to doing their taxes because they don’t expect to get a refund. One in four say they wait until the last minute because the process is just too complicated and stressful. For those who don’t know yet, Tax Day 2022 is April 18.
The researchers also found that the country’s younger taxpayers are more likely to procrastinate each year. Millennials are the Americans most likely to file their taxes at the last minute, despite receiving the largest average refunds of any generation! Overall, however, the survey found that one in four people will see a lower refund this year compared to 2021.
Nevadans love to gamble – with their taxes
When it comes to which Americans avoid paying their taxes the longest, Nevada residents are the new kings of procrastination. Famous for being the home of Las Vegas, the poll finds Nevadans also like to gamble to get their taxes paid on time. Nevada moved up three spots from number four in 2021, averaging more Google searches related to the Tax Day deadline than any other state in the nation.
Specifically, the researchers looked at search phrases such as “what happens if I file my taxes late?” », « when is it too late to produce taxes? and “Can I file taxes late?” in all 50 states to compile their annual list.
Rounding out the top five are the same states that made the 2021 list, including Hawaii (2nd), Georgia (3rd), Alaska (4th), and California (5th).
As for Americans filing their taxes on time, Iowa (50th) continues to have the fewest tax procrastinators in the nation. Wisconsin (49th) and Michigan (48th) followed closely.
Speaking of Las Vegas, examining the poll of the biggest procrastinators by city revealed that Sin City is still home to the most last-minute filers in the United States. Denver, Baltimore and Seattle round out the top four, averaging more than 1,100 tax day deadline searches on Google.
Where is the money going?
According to the Internal Revenue Service (IRS), Americans received an average refund of $2,815 in 2021. Unfortunately, confidence in the economy is much weaker this year and respondents only expect to receive a just over $1,900 this year.
For the 50% of Americans who say they have already filed their taxes, 11% admit that they have already spent that money! More than a third (37%) plan to save this money when it arrives and one in five (22%) plan to use the money to pay down debt.
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