The Internal Revenue Service (IRS) has announced the amount issued in tax refunds for the 2023 fiscal year.
Of around $4.7 trillion collected from 271.5 million tax returns in 2023, the IRS paid $659 million in refunds; a 2.7 percent increase over the 2022 fiscal year. A tax refund is a reimbursement made to a taxpayer for any excess amount paid in taxes to the federal or…

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