Americans spend more time and money filing their taxes than residents of other countries — but there are some benefits to a complex tax code
- Written by Bridget Stomberg, Associate Professor of Accounting, Indiana University
The average U.S. taxpayer spends 13 hours filing their return.Mehmed Zelkovic/Moment Collection/Getty ImagesTax Day falls on April 18 in 2023. But if you’re one of the 20%-25% of Americans who wait until the last minute to file, don’t panic – you still have time.
The IRS estimates that the average taxpayer spends 13 hours to...