IRS refunds

1040 Individual Income Tax Return blank with dollar bills, calculator and pen on calendar page with marked 15th April. Tax period concept. IRS Internal Revenue Service

How Did the 2023 Tax Season Go for the IRS?

The IRS reported a significant return to taxpayers, disbursing around $659 million in refunds, marking a 2.7 percent increase in 2023 over 2022. This uptick in refunds comes against a backdrop of approximately $4.7 trillion in gross revenues collected by the agency, which underpins nearly 96% of federal government operations. Despite the increase in refunds,

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