Average Tax Refund Down 8% This Season

Tax season is off to a slower start this year, with early filers seeing smaller average refunds.

Topics:  average   tax   refund   season   
BING NEWS:
  • Colorado residents will get income tax cut and TABOR refunds for 2024
    Axios Visuals Colorado taxpayers will see the income tax rate fall to 4.25% for 2024 and receive TABOR refunds averaging $326 thanks to TABOR's limit on state revenue collections. Why it matters: The ...
    09/19/2024 - 6:05 am | View Link
  • Audit Urges Unified Refund Platform as FBR’s STARR Lags Behind FASTER in Efficiency
    FASTER” refund payment system took eight to 19 days to process refunds whereas the “STARR” system took 286 to 753 ...
    09/14/2024 - 7:44 pm | View Link
  • Advice on averaging farm profit to smooth out tax bills
    Farming profits can be averaged over two or five years provided certain criteria are met. This has the advantage of smoothing cashflow on tax and national ...
    09/13/2024 - 12:10 pm | View Link
  • Couple Seeks $632,000 Refund From Government for Tax Overpayment
    A California couple sued the US in federal court, seeking an nearly $632,000 refund of income tax overpaid for the 2016 tax year.
    09/13/2024 - 6:25 am | View Link
  • How to cut your annual tax bill by $16,349
    The annual limit for tax deductible super contributions is $30,000, including any money put into super by your employer through compulsory super contributions. But for most people, their compulsory ...
    09/12/2024 - 9:49 am | View Link
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BING SEARCH:
  • Here's the average tax refund through March 17, according to the IRS
    Key Points. The IRS has issued roughly 54 million tax refunds worth about $158 billion. As of March 17, the average refund was $2,933, down from $3,305 at the same time last year. If you file an ...
    09/15/2024 - 4:01 pm | View Website
  • How Much Is the Average Tax Refund and When Will I Get Mine?
    The average refund as of April 21, 2023, was $2,753, 8.6% less than the $3,012 average last year. The number increased by the end of last year: About two-thirds of taxpayers were entitled to ...
    09/15/2024 - 6:21 am | View Website
  • Here’s the Average IRS Tax Refund Amount by State
    For the 2020 filing season, which covers returns filed for the 2019 calendar year, the average federal tax refund for individuals was $2,707. The average tax refund also varies by state.
    09/14/2024 - 2:50 pm | View Website
  • The average tax refund is almost 29% lower this tax season, according ...
    The average tax refund is almost 29% lower this tax season, according to early IRS data. The IRS has issued more than 2.6 million refunds worth roughly $3.65 billion, the agency announced on ...
    09/14/2024 - 6:00 am | View Website
  • What Is the Average Tax Refund?
    What is the average tax refund for a single person making $100,000? According to an analysis done by Lending Tree, the average tax refund for a person making between $100,000 and $199,999 is...
    09/13/2024 - 11:17 am | View Website
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