Americans have a love-hate relationship with tax season.
They hate the process of filing a return. But oh, how they love the refunds.
Last year, that came to $3,167, on average.
The 2024 tax season officially opens Monday, meaning the IRS will begin accepting and processing returns for the 2023 tax year. The deadline to file is April 15. Taxpayers who reside in Maine or Massachusetts have until April 17 because of Patriot’s Day and Emancipation Day holidays.
The IRS expects to receive about 167 million returns this year, according to IRS spokesman Eric Smith. Many of those returns will involve a refund.
Here’s what you need to know if you’re expecting a refund.
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