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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.
Tax season is in full swing, with more than 200 million returns headed for the IRS. By the time it’s over, two-thirds of Americans expect to receive a tax refund.
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.
According to the Internal Revenue Service, 77% of tax returns filed in 2004 resulted in a refund check, with the average refund check being $2,100. [1] In 2011, the average tax refund was $2,913. [ 2 ] [ 3 ] For the 2017 tax year the average refund was $2,035 and for 2018 it was 8% less at $1,865, reflecting the changes brought by the most ...
Form 1040, U.S. Individual Income Tax Return; Form 1040A, U.S. Individual Income Tax Return; Form 1040EZ, Income Tax Return for Single and Joint Filers with No Dependents; Form 1041, U.S. Income Tax Return for Estates and Trusts (for 1993 and prior years, this was known as "U.S. Fiduciary Income Tax Return");
This tool also provides a personalized date after the return is processed and a refund is approved. According to the IRS, most tax refunds are issued within 21 days; however, some may take longer ...