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Last year, the average tax refund was $3,167 as of December 2023, according to the IRS. As of now, the average tax refund for 2024 is $1,395, but that’s likely to go up the further we get into ...
The tax agency says that most refunds are issued in fewer than 21 calendar days. That means someone who files their taxes on Jan. 27 could receive their refund by February 17, if all goes smoothly.
Roughly 105 million Americans received tax refunds in 2024, with the average tax refund amount at $3,138, according to IRS data. Looking ahead to the current tax season, will 2025 be a more ...
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 ...
For the 2023 tax year, the Earned Income Tax Credit (EITC) will increase to $7,430 for qualifying taxpayers who have three or more qualifying children, a $495 gain from $6,935 for the 2022 tax year.
Stay updated on the news about taxes, deadlines, deductions, laws, the IRS, and all things related to your income taxes.
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