Tax season is here, but data shows that 29% of Americans will procrastinate on filing their taxes this year.
7th Annual IPX 1031 Tax Procrastination Report Reveals Not Everyone Will Be Procrastinated submit their returns on time.
The data explains why 60% of people say filing taxes is stressful or takes too long.
To help reduce stress, 1 in 5 also explained that they would use AI to help them file their taxes this year.
While AI can be helpful when filing taxes, experts say it’s important to have that human touch.
“While one in five people can use AI to help them file their taxes, I think it’s extremely important that people also look at the advice you get from AI and consult a tax professional. I think it’s important that people don’t just accept everything the AI tells them and then use it for their tax return this year,” explained Emily Fanious, a spokesperson for IPX1031.
If you want to move forward, experts advise starting filing plans as early as possible.
The tax filing deadline is April 15.
