38% of Adults Will Use Tax Refunds to Pay Bills or Tackle Debt, CNET Survey Finds

Taxes are complicated. Filing a tax return on your own can raise the anxiety of even the most confident filer. Add in factors like filing multiple state returns, freelance expenses, rental property income or deciphering deductions, and suddenly you're Googling question after question to ensure you're completing your return accurately. A new CNET study finds that 44% of tax filers have anxieties and fears about filing their taxes. This number is higher for younger generations -- 51% of Gen Z and 48% of millennials worry about filing taxes. Common concerns include making a mistake, exposing their personal information to scammers and owing the IRS more money than they can afford. "While we all need to make our best effort to file a complete and accurate tax return, mistakes will happen," said Jassen Bowman, an IRS-enrolled agent and tax expert. "The IRS has robust systems for catching errors via computer matching, and they will notify you if they catch something." Filing taxes may be ... Read full article.