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> It takes like 5 minutes for most Average tax preparation time in the US is 175 minutes. > Tax filing really isn't painful in the U.S. for the vast majority
by rrrrrrrrrrrryan 5y ago
> It takes like 5 minutes for most
Average tax preparation time in the US is 175 minutes.
> Tax filing really isn't painful in the U.S. for the vast majority of people
You're probably referring to the fact that 36% of people itemized deductions in 2007, and only 10% itemized in 2020.
But even taking the standard deduction, the process is still much more complex than it needs to be, and there are plenty of other factors that add additional complexity (e.g. gig work, home ownership, stock sales, etc.)
- nightski 5y agoAverages can be misleading, what is the median? I was obviously exaggerating with 5 minutes, but I doubt it is 175 minutes. I know I personally spend a lot more time than that but my situation is intentionally complicated.
- beaconstudios 5y agoAs an employee (currently) in the UK, I spend exactly 0 minutes preparing my taxes. I don't have to do it!