IRS Refunds Jump, Filing Slows: Tax Season Update
Washington DC News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
IRS releases positive tax season updates: average refund jumps 10.9% to $3,571, total refunds up 12.9% to $202 billion. Filing numbers slightly down, self-prepared returns up 1.9% to 37.8 million. Online traffic surges 55.6% to 380 million visits, driven by new tax breaks. Direct deposits rise 6.5% to 57.3 million, averages up 8.4% to $3,561, totals near $204 billion. IRS phasing out paper checks, offering prepaid cards or digital wallets. Deadline for last years taxes is April 15th, or request an extension with estimated payment. Stay vigilant against scams and file smart amidst changes.
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