Tax Refund Lower In 2024. If you earned more than the social security payroll tax cap of $160,200 in 2023 ($168,600 in 2024), and paid the 6.2% social security tax on earnings above that. When can you expect your money?
For most tax filers, april 15 was the final day to submit tax returns. The average 2024 tax refund is 3.8% higher than a year ago, at $2,948, according to the latest irs data.
According To This Report, The Average 2024 Tax Refund Is $1,395 — About 29% Smaller Than The Average Refund Last Year.
When can you expect your money?
The Average Refund Issued Through Feb.
The irs issued over 2.6 million refunds, totaling $3.65 billion as.
That's 2.1% Higher Than The Same Period A Year Ago.
Images References :
Irs Says Tax Refund Is 29% Lower.
Washington — the internal revenue service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax.
29, 2024 At 4:13 P.m.
The trend may not hold, as refund.
Experts Say Your Refund May Be Lower This Year The Average Refund For This Year Is Around $1,741, But That Is Down Almost 13% Compared To The.