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New Tax Survey Reveals Procrastinators Pay 33% More Than Early Filers

March 26, 2013

More than 1 in 5 people procrastinate on their taxes and less than half of those expect a tax refund, according to TechBargains.com´s annual Tax Prep Survey.

San Francisco, CA (PRWEB) March 26, 2013

The longer people wait to file their taxes, the more they pay in tax preparation fees, according to an annual Tax Prep survey from TechBargains.com, a deal aggregation website for electronic products. The survey reveals those who plan to file their taxes in April or apply for an extension this year will pay an average 33% more in fees than those who filed in January and February. Procrastinators expect to pay an average of $160.56 for tax preparation whereas early filers say they spent an average $106.20, a $54.36 difference. 9 out of 10 early filers say they expect a tax refund compared to less than half (47%) of late filers. Of those expecting to receive money back from the IRS 30% plan to save the money, 25% expect to pay debt and bills, 7% plan to spend it and 38% expect a combination of spending and saving.

“TechBargains.com is in the business of helping people save money and filing your taxes early may help you save money on fees,” said Yung Trang, president and editor-in-chief of TechBargains.com. “For the second year TechBargains.com´s annual tax survey has shown those who wait to file their taxes until the last minute pay more to get the job done than those who plan ahead.”

More early filers are happy about their tax prep methods than those planning to file late. 92% of January and February filers say they feel positive about their tax prep methods compared to 69% of April filers and tax extension applicants. March is when the majority of respondents say they file their taxes (41%) followed by February (26%) then April (19%) and January (10%). 4% of respondents plan to apply for an extension. According to the survey, most use computers to file taxes using software (34%) or a tax prep website (30%). 28% of respondents hire an accountant, 7% still use pen and paper and only 1% use a mobile app.

TechBargains.com provides helpful information for procrastinators looking to save time and money on their tax prep with “5 Last-Minute Tax Tips Procrastinators Need To Know” and TurboTax coupon codes. The survey was conducted on TechBargains.com in March and had 912 respondents.

About TechBargains

TechBargains is a deal aggregation website that combines intelligent curation with real-time price-value discovery algorithms. TechBargains uses this technology to highlight the best deals and coupon codes on the internet each day. TechBargains is a division of Exponential Interactive (http://www.exponential.com), a global provider of advertising intelligence and digital media solutions to brand advertisers headquartered in Emeryville, California that offers solutions in 26 countries worldwide. For more information visit http://www.techbargains.com.

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebtechbargains/taxsurvey/prweb10568583.htm


Source: prweb



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