As with every year, the start of 2022 brings one of life’s few certainties: tax season. And more than two years into the pandemic, financial hardships mean this year’s filing will be important to millions of Americans.
A February 2022 Bankrate survey found that of the 40 percent of U.S. adults expecting tax refunds this year, 36 percent consider a refund “very important” to their overall financial health.
Unfortunately, hope doesn’t negate uncertainty, and 29 percent of respondents expressed concern that their refund will be lower than in previous years. Factors driving this concern include rising inflation and interest rates as well as general delays.
