50% Of Taxpayers Worry Tax Refunds Will Be Smaller This Year
Jan 31, 2022
Forbes Advisor
Confusion about claiming pandemic aid like the expanded child tax credit may be driving much of the uncertainty among taxpayers, says Laura Scherler, senior director of economic mobility and corporate solutions at United Way.
Scherler says that filing a tax return is confusing for many, and it generates a lot of anxiety. “It’s generally because [taxpayers] are afraid to make a mistake. I think people are afraid of a ‘gotcha’ on the back end—‘What if I make a mistake and end up owing a bunch of money that I can’t pay?’”