Tax Refunds Show Positive Trend During Current Filing Season, IRS Reports

Tuesday, 20 February 2024, 20:15

The ongoing filing season has seen an uptick in tax refund amounts, although figures remain slightly lower compared to the previous year, as per the latest update from the IRS. Notably, the introduction of the child tax credit is expected to contribute to a rise in average refunds, indicating positive developments amidst the tax season.

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Tax Refund Updates

The IRS has reported an increase in tax refunds this year, although still below last year's levels. The introduction of the child tax credit is expected to have a positive impact on average refunds.

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