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The survey of 1,000 U.S. adults also found, "of those who depend on their refund to make ends meet, nearly half (45%) say it’s because of the rising cost of living and necessities (i.e. housing ...
Federal Tax Refund vs. State Tax Refund. Many taxpayers don't realize there's a difference between state and federal income tax refund timeframes. The IRS typically processes electronic federal ...
In the first five days of this tax season, the average refund is $1,928, up 38.2% from the same period a year earlier, but the number of tax returns the IRS has received is down 14%, the IRS said ...
You can get information on your refund 24 hours after the IRS receives your e-filed tax return or four weeks after you mailed a paper return. The tool updates once a day, usually overnight.
The IRS’s update on the progress of tax season this year so far shows that average tax refund amounts are up 18.6% versus the same time last year, total filings down slightly to date.
The average federal tax return in 2024 was $3,004, up 0.9% from 2023, which saw the average refund at $2,977. However, in the states with the lowest average tax refunds, these numbers are much lower.
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