Most taxpayers confident about tax prep

Taxpayers are feeling good about their tax-filing abilities, according to a new survey, with 89 percent indicating they feel confident they have their withholdings set up correctly and 95 percent saying they're confident that they're taking all the deductions they can.

The survey, by the financial information site FinanceBuzz, found that 55 percent of the respondents believe they pay too much in federal taxes, while 43 percent said it's "just right." Those who identified themselves as a Republican were slightly more likely to feel they pay too much in taxes (57 percent) as opposed to those who identify as Democrats (52 percent).

In addition, 79 percent of the respondents said they prefer to receive a tax refund at tax time.

More than two-thirds (67 percent) of Americans plan to file their tax returns in January or February.

For the full survey results, visit https://financebuzz.com/taxes-survey.

IRS 1040 Individual Income Tax form instructions for the 2018 tax year
U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax form instructions for the 2018 tax year are arranged for a photograph in Tiskilwa, Illinois, U.S., on Monday, March 11, 2019. Fewer people are getting refunds this year and that's causing angst for Republicans who want to convince voters that the 2017 tax overhaul really did give them a tax cut. Photographer: Daniel Acker/Bloomberg

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