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.
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plain language, agency leaders are trying to bring attention to what’s been done to repair the image of the IRS as an outdated and maligned tax collector.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 milestones,” Treasury Secretary Janet Yellen said on a Friday call with reporters. “It’s showing that when it has the resources it needs, it will provide taxpayers the service they deserve.”
Click this link for the original source of this article.
Author: Joseph Curl
This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.