Tax Refunds Surge, Filing Slower
Mesa News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tax refunds are on the rise this filing season, with an average of $3,571, a 11% increase from last year. Total refunds have reached $202 billion, up 13% from last year. Filing is slower, with 78.9 million returns received, but processed returns are also down slightly. More people are handling their own taxes, with self-prepared returns up 2% to 37.8 million. Direct deposits are surging, up 6.5% to 57.3 million, averaging $3,561 each. IRS.gov traffic has skyrocketed 56% due to new tax law changes. The deadline is April 15th, with direct deposit being the fastest way to receive refunds.
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