American Gen Z, Millennials More Likely To Trust AI With Tax Filing Over CPAs: Survey

It's that time of the year when stress levels mount due to tax filing, which could be why more Americans are leaning toward AI tools for advice and assistance. (Credit: Pexels.com/Mark Youso)

KEY POINTS

• 43% of American adults surveyed said they will likely get advice from AI over tax professionals
• A growing number of Baby Boomers and Gen X Americans are also leaning toward AI for tax filing
• A financial engineering expert said trusting AI with financial data may not be the best bet, given security and storage concerns

Tax season is here and more often than not, a majority of the population get stressed out with the complex processes involved in filing taxes, which paved the way for a growing trend among Gen Z and Millennial Americans to seek help, not from certified public accountants (CPAs), but from artificial intelligence.