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New tax law is stressing out and confusing Americans

Americans are anxious and confused about their taxes, and it’s only going to get worse.

A majority of workers (77%) are confused by the new Tax Cut and Jobs Act, according to a nationally representative survey of 2,500 people released Tuesday by TaxAudit, a customer advocacy company based in Folsom, Calif. “This is the most dramatic remodeling of tax legislation we’ve seen in 30 years,” Mark Olander, TaxAudit chief executive, said. “Unfortunately, we expect the new tax law to further increase stress levels and confusion.”

Also see: Most home-equity loan borrowers don’t understand new tax code

Some 42% of taxpayers have no idea if the new law will benefit them, the survey found.

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