Most Tax Filers Work to Slash Their Bill, Embrace Green Credits

The IRS has forecast that over 165 million individual federal income tax returns will be filed for the 2022 tax year. A new NerdWallet study has found that, while most Americans plan to file, many don’t yet understand how inflation plays a role in setting tax brackets. It also found that most Americans plan to take some action to minimize their tax obligations.

The survey, conducted online by The Harris Poll over the period Dec. 6-8, 2022, among over 2,000 U.S. adults ages 18 and older, also found that Americans have a generally favorable view of so-called “green tax credits,” which reward taxpayers for buying energy-efficient products.

Note: Throughout the report, “filers” refers to Americans in our survey who said they plan on filing or did file a federal tax return for the tax year specified.

Key Findings

Americans anticipating refunds. About half (55%) of filers are expecting refunds for the 2022 tax year, with a refund expectation of $2,205, on average. For the 2021 tax year,…

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This article was written by Andrew Marder and originally published on