Tax Refunds Soar, IRS Sees Record Traffic
Birmingham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tax refunds soar this year, averaging $3,571, an 11% increase from last year. The IRS has issued 56.7 million refunds, totaling $202.6 billion. The White House attributes this to tax breaks like no taxes on tips or overtime, and deductions for interest on American-made car loans. Filing numbers show a slight dip in returns received, but a rise in e-filing and self-prepared returns. IRS website traffic surged by 56% to 380 million visits.
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