Early IRS data shows fewer tax returns processed and few refunds issued through Feb. 6, but the average refund amount is up.
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“Average refund amounts are strong,” the IRS said in an explanation of the data.
A TIGTA report reveals paper returns make up just 6% of filings, but drive 72% of processing costs. Funding cuts and staffing shortages are making it worse.
The IRS begins the 2026 tax season under operational strain due to staffing cuts and large backlogs, with a warning from TIGTA.
Plus: Romance scams, Bad Bunny and a Super Bowl wedding, the overtime deduction, paper is expensive, Taxes From A to Z, tax ...
The average tax refund has increased by 22% this season, according to Treasury Secretary Scott Bessent. The IRS has not released official data yet, and early figures can be misleading, says expert.
The average IRS tax refund is up 10.9% so far this season, according to early filing data. Here's what taxpayers can expect.
Explore the forefront of Small Business Tax Season news with Forbes' comprehensive coverage tailored to keep you ahead of emerging trends and expert predictions with in-depth analysis.
IRS: Average Refund Up 10.9 Percent in Early Filing ...
Crypto investors can expect to receive a new tax form this year from exchanges such as Coinbase and Robinhood.
The process for correcting a W-2 is straightforward, but you need to act fast to avoid missing the tax filing deadline.