Filing taxes in the US can be a much more complex process than in many other countries, with Americans spending an average of 13 hours and $270 to file their taxes. This complexity is due to a variety of factors, including the size of the US tax code, the use of a progressive tax system, and the availability of numerous tax credits and deductions. While some progress has been made in recent years to simplify the tax code, it remains far more complex than in many other developed countries.
Published on: February 06, 2025, 03:03 PM UTC