American taxpayers are less optimistic about this year’s tax refund than they were last year, according to a new report.
The United Services Automobile Association published this finding in a summary of results from the company’s 2013 Tax Season Survey, which compares consumer sentiment and tax refund spending habits between 2012 and 2013. Based on telephone interviews with 1,008 American taxpayers, the USAA survey was conducted by ORC International.
More than half of the USAA survey respondents (53 percent) say they expect to receive a smaller refund than they did in 2012.
“It’s interesting – but not surprising – to see the negative sentiment among taxpayers,” said Scott Halliwell, a certified financial planner at USAA. “With all that’s taken place in Washington over the past few months, a lot of people are confused and concerned about how it will impact their taxes.