Tax filing opens today. Here's what to know about your 2024 tax refund.
CBSN
The IRS started accepting tax returns on Monday, kicking off the 2024 tax season with a pledge to provide better service for taxpayers. For most tax filer, the top questions are whether they'll see a bigger tax refund — and how long will it take the IRS to send them their money.
More than half of Americans plan to file their taxes early this year so they can get their hands on their refund as soon as possible, according to a new study from Intuit Credit Karma. The average refund check last year was just shy of $3,200 — an amount that typically represents a family's biggest check of the year.
One of taxpayers' biggest concerns is the timing of their tax refund, something that became a pain point during the pandemic when millions of refunds were delayed by IRS backlogs. But this tax season, the IRS is tapping billions in new funding provided by the Inflation Reduction Act, allowing it to hire more customer service reps and improve apps like its "Where's My Refund?" service.
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