IRS Data Shows Americans Getting $27 Billion Less In Tax Refunds This Year; Here's What Investors Can Do To Keep More Money In Their Pockets
Tax refunds can help people pay down debt and boost savings. But this year, Americans are getting less help from Uncle Sam, according to the Internal Revenue Service.
The latest IRS data suggests that as of April 14, the agency has issued $215.36 billion of refunds. That is $27.3 billion — or 11.2% — less than the $242.63 billion it issued by mid-April 2022.