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Tax Pro Today

Taxpayers unaware of filing deadline, withholding and tax law changes

By Michael Cohn

One survey released Thursday by Betterment, an online financial advisor, polled a sampling of 1,000 people online and found that 85 percent of respondents reported feeling somewhat confident in their knowledge of taxes. However, when asked about specific tax matters, 23 percent of the respondents didn’t know the correct tax filing deadline for this year was April 15, 48 percent didn’t know tax rates for tax brackets decreased from last year, and 50 percent didn’t know how much was withheld from their paycheck for taxes

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This article originally published March 14th, 2019 on Tax Pro Today