Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Finance

$13 Billion Dollars in Tax Refunds – Week 2 of Filing Season 2024!

$13 Billion Dollars in Tax Refunds

$13 Billion Dollars in Tax Refunds. (PHOTO: Rajasthan BSc Nursing)

The IRS has been busy handling tax returns for 2024, with over 25 million already processed by February 9th according to CNET. That’s a bit less than this time last year likely because the tax season started a bit later.

READ ALSO: Treasury Reports $135 Million In Advance EV Tax Rebates

$13 Billion Dollars Tax Refunds in 2024: Significant Decrease Compared to Last Year

But when it comes to giving out tax refunds there’s been a big drop. By February 9th, the IRS had given out about 7.4 million refunds which is way less than last year. The total amount of money refunded is also down by more than half compared to last year and the average refund people are getting is smaller. So, if you’re waiting for a tax refund it might take longer this year. The IRS suggests choosing direct deposit for faster refunds.

READ ALSO: Boost Your Wallet: Maximize Tax Rebates In Your State – Up To $2500 Potential!

And if you need help with taxes, you can check out the IRS website for assistance.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...