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A recent survey conducted by Qualtrics for Intuit Credit Karma found that more than a third of taxpayers rely on their tax refunds to make ends meet. That rate was even higher, 50%, among millennials.
That’s according to CPA Practice Advisor, a publication for tax pros, which each year publishes a refund timeline based on averages for IRS refunds over the last 20 years. The outlet said ...
The IRS lists the following issues that might extend the tax refund processing time and delay your refund: Amended return refunds take about 16 weeks. You’re filing an injured spouse claim.
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.
How much is the average federal tax refund for 2024? The average refund issued through March 1 was $3,182, according to the IRS release . Last year at this time, refunds averaged $3,028.
Tax return laws generally prohibit disclosure of any information gathered on a state tax return. [10] Likewise, the federal government may not (with certain exceptions) disclose tax return information without the filer's permission, [ 11 ] and each federal agency is also limited in how it can share such information with other federal agencies.
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