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Bridget Stomberg, Associate Professor of Accounting, Indiana University

Americans spend more time and money filing their taxes than residents of other countries — but there are some benefits to a complex tax code

United States IRS
The average U.S. taxpayer spends 13 hours filing their return. Mehmed Zelkovic/Moment Collection/Getty Images

Tax Day falls on April 18 in 2023. But if you’re one of the 20%-25% of Americans who wait until the last minute to file, don’t panic – you still have time.

The IRS estimates that the average taxpayer spends 13 hours to complete their return. If you own a business, the estimate increases to 25 hours. That said, filing can be tricky.

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