With Tax Day less than 40 hours away, the personal finance website WalletHub today released its Tax Day 2015 By The Numbers report, which features a fun infographic as well as insights from a panel of leading tax experts.
A few highlights are below:
- $2B: Estimated 2015 losses due to reduced IRS enforcement staffing
- 28 Min: Wait time for the average IRS caller
- 16 Hrs: Time it took the average American to complete their income tax return in 2014 (down 47% from 2006)
- 4M: Number of words in the U.S. tax code (5X the Bible and 4X all of the Harry Potter books combined)
- $21B: Expected losses due to tax-refund fraud in 2016
2015’s Tax Day By The Numbers
Infographic source: WalletHub
