Tax Returns & Stress: Research Findings
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Key Findings from a Tax Return Survey:
* Stress & Anxiety: Over half of those surveyed experience stress and anxiety when thinking about tax returns. Three in five have at least one significant worry.
* Dominant Emotion: Apprehension is the most common feeling associated with filing taxes, outweighing feelings of organization or confidence.
* Top Worries: The biggest concerns are making costly mistakes (nearly 40%) and feeling overwhelmed or confused.
* Entitlement awareness: Less than half of Irish adults are confident they are claiming all the tax credits and deductions they are eligible for.
* Time Commitment: A quarter of people spend a day or more each year completing their taxes.
* Importance: the findings highlight the emotional and practical challenges people face with tax filing.
The text also introduces Cathal Maxwell, founder of FastTax, suggesting further facts or commentary from him will follow.