Column: Why the IRS Should Pay People Even More in Their Tax Refunds

Apr 07, 2019, 01:56 AM

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For most American households, April showers bring May flowers and, even better, tax refunds. In 2018 roughly 73% of individual income tax filers received money back, averaging a refund of $2,899. In many ways, that's a good thing. But it also means that millions of households are together missing out on billions of dollars.

For most American households, April showers bring May flowers and, even better, tax refunds. In 2018 roughly 73% of individual income tax filers received money back, averaging a refund of $2,899. In many ways, that's a good thing. But it also means that millions of households are together missing out on billions of dollars.