For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in ...

Tax breaks in the megabill, like no taxes on tips and overtime, only apply to people at certain income levels.

The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

The average tax refund in 2022 was $3,039, a 7.5% increase from the previous year, though tax experts expect refunds to decrease this year. Spencer Platt––Getty Images) ...

The typical tax refund this year could be around $2,700, or roughly what taxpayers got in 2021 (for their 2020 taxes), Steber said. Of course, each taxpayer's situation is different, with refunds ...

The average refund check in 2025 stood at $2,169 as of Feb. 14, about 32% below the average $3,207 refund issued at the same time last year, the IRS said in its most recent tax update.

The average tax refund to date this year is $3,116, about 3.5% more than the $3,011 average this time in 2024. For taxpayers who set up direct deposit, the average refund is $3,186, up from $3088 ...

But refunds are expected to be noticeably bigger in 2024, with some people receiving up to 10% more than they did last year, according to Mark Steber, chief tax information officer at Jackson Hewitt.

A tax return is the form — typically the 1040 — that you file with the IRS each year and that provides an overview of your finances, such as adjusted gross income, or AGI, expenses and other ...