Will Tax Returns Be Smaller In 2024. Tens of millions more will come in advance of the april deadline, the busiest. According to this report, the average 2024 tax refund is $1,395 — about 29% smaller than the average refund last year.
On average, three out of four tax. If you’re expecting a tax refund, it could be smaller than last year.
And With Inflation Still High, That Money Won’t Go As Far As It Did A Year Ago.
The average refund up to feb.
29, 2024, As The Official Start Date Of The Nation's 2024 Tax Season When The Agency.
Expect smaller refunds and continued phone delays this tax season tax season 2023:
For Some, This Could Translate To Smaller Tax Bills When Filing Returns In April.
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With Tax Season In Full Swing, The Irs Has Issued More Than 2.6 Million Refunds Worth About $3.65 Billion, As Of Feb.
But one thing you should realize is that a smaller refund means you let the irs hang onto less of your money in 2023.
Through April 6, The Irs Processed More Than 100 Million Individual Tax Returns.
For some, this could translate to smaller tax bills when filing returns in april.
Early Filing Season Statistics From The Internal Revenue Service Show Taxpayers May Get Less Back In 2024.
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