Bigger Refunds, Slower Filing: Tax Season Update
Dallas News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tax refunds are surging this season, with average refunds climbing to $3,571, a 10.9% increase from last year. Total refunds have reached $202 billion, a 12.9% jump. Despite a slight decrease in overall filings, more people are handling their own taxes. Direct deposits are booming, with 57.3 million received, up 6.5%. The IRS is pushing digital options, and visits to IRS.gov have skyrocketed. New tax law changes include deductions for tips and overtime pay, bigger breaks for seniors, auto loan interest write-offs, and Trump Accounts. Scammers are active, so be cautious. Extensions are available if you pay what you owe upfront.
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