Tax season 2025 scorecard: Americans are waiting longer to file and are receiving bigger refunds

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Tax season 2025 scorecard: Americans are waiting longer to file and are receiving bigger refunds

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Tax season 2025 scorecard: Americans are waiting longer to file and are receiving bigger refunds

//business-finance.news-articles.net/content/202 .. er-to-file-and-are-receiving-bigger-refunds.html

Published in Business and Finance on Wednesday, February 19th 2025 at 14:41 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The IRS's update on the progress of tax season this year so far shows that average tax refund amounts are up 18.6% versus the same time last year, total filings down slightly to date.

The article from MSN discusses the trends observed during the 2025 tax season in the United States. It highlights that Americans are taking longer to file their taxes this year, with the average filing date being later than in previous years. This delay is attributed to several factors including the complexity of tax laws, changes in tax regulations, and possibly a shift in taxpayer behavior towards more meticulous preparation or seeking professional help. Additionally, the article notes that despite the delays, the refunds being issued are larger on average. This increase in refund amounts could be due to adjustments in tax credits, deductions, or changes in withholding amounts from the previous year. The IRS has also made efforts to improve its services, which might contribute to the processing of larger refunds even as the filing process takes longer.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/taxes/tax-season-2025-scorecard-americans-are-waiting-longer-to-file-and-are-receiving-bigger-refunds/ar-AA1zldBG ]