Americans get an ‘F’ on income tax quiz

American adults appear to be confused — very confused — by the U.S. tax code.

More than half of taxpayers don’t understand many basic personal finance questions about federal income tax returns as they relate to retirement, college savings and health care, a result not much changed from previous years, based on a recent survey of more than 2,300 adults given by personal finance site NerdWallet. That is a fail by academic standards.

Indeed, more people are also delaying filing their taxes this year. Earlier this month, tax software service TurboTax issued a profit warning and said that the tax season is “forming more slowly than usual.

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