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The average federal income tax refund in 2023 was $3,167 based on IRS data through Dec. 29, down 2.6% from the same period in 2022. The IRS issued a total of $334.8 billion in income tax refunds ...
It’s Tax Day in the United States for most Americans, and there are still plenty racing to file their 2023 income tax returns up until the clock strikes midnight. Today is Tax Day.
With only a few weeks to go until Tax Day on April 18, this year's tax filing season has been going smoothly. According to CNN, recent IRS filing statistics indicate more returns are being ...
Each tax season, people look for tax deductions and credits to either lower their balance or increase their refund. One rather obscure deduction: A partner can be claimed as a dependent if they ...
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.
However, last year, the IRS pushed back the deadline for filing 2021 tax returns and for paying taxes owed because of the Emancipation Day holiday in Washington, D.C. In 2023, the fact that April ...