It's Tax Day. And your refund may be big this year
On this Tax Day, refunds are looking a bit bigger for taxpayers
WASHINGTON — On this Tax Day, refunds are looking a bit bigger for taxpayers.
According to the latest IRS statistics, the average income tax refund so far this season is $3,011, up $123 from last year. Two out of three taxpayers expect to receive a refund.
The IRS is promoting the customer service improvements the agency rolled out since receiving tens of billions in new funding dollars through Democrats' Inflation Reduction Act. Getting refunds out faster — to some people in just over a week — is part of the promotion.
So far, the IRS has delivered more than $200 billion in refunds through early April, and the latest agency numbers show that 101 million people have filed returns this tax season.
At least one prominent person did not get a refund. President Joe Biden on Monday released the tax returns he filed with his wife, Jill, showing that he still owed the IRS $334 and the state of Delaware $1,480. But Jill Biden qualified for a $433 refund from Virginia, where she teaches. The Biden earned $619,976 and paid a federal income tax rate of 23.7%.
From cutting phone wait times to digitizing more documents and improving the “Where's My Refund” tool to show more account details in plain language, agency leaders are trying to bring attention to what's been done to repair the image of the IRS as an outdated and maligned tax collector.
The promotion also in part is meant to quickly normalize a more efficient and effective IRS before congressional Republicans threaten another round of spending cuts to the agency. So time is of the essence for both taxpayers and the agency.
“This filing season, the IRS has built off past successes and reached new
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