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Started By
Message
The Average Tax Refund is Up $351, Still Below the “Extra $1,000” Projected by Trump
Posted on 4/7/26 at 8:23 am
Posted on 4/7/26 at 8:23 am
So far the IRS has processed 87.5 million returns for TY25.
At least as of March 27, it has paid out nearly $63 million in refunds. The average amount returned: $3,521. That’s up $351 (or 11.1%) from the same period last year, but still well below the average $1,000 boost that the US Treasury projected.
Regardless, I don’t understand why the government keeps an extra $63 million only to return to tax filers at the end of the year. The money and admin costs of returning, in addition to this essentially being an interest-free loan to the Government, make this a bad move all around.
At least as of March 27, it has paid out nearly $63 million in refunds. The average amount returned: $3,521. That’s up $351 (or 11.1%) from the same period last year, but still well below the average $1,000 boost that the US Treasury projected.
Regardless, I don’t understand why the government keeps an extra $63 million only to return to tax filers at the end of the year. The money and admin costs of returning, in addition to this essentially being an interest-free loan to the Government, make this a bad move all around.
This post was edited on 4/7/26 at 8:24 am
22
Posted on 4/7/26 at 8:25 am to RFK
They got him now!!
Posted on 4/7/26 at 8:26 am to RFK
Seems like a dumb statistic. If you want a larger return, claim fewer deductions at the time of withholding. That doesn't change your tax burden, but you will get a larger return.
Has the overall tax burden changed in the last 24 months? I'd be surprised if it has.
Has the overall tax burden changed in the last 24 months? I'd be surprised if it has.
This post was edited on 4/7/26 at 8:27 am
Posted on 4/7/26 at 8:28 am to RFK
quote:
this essentially being an interest-free loan to the Government
I agree, this is BS.
Posted on 4/7/26 at 8:30 am to RFK
quote:Yeah, and that's your money. Refunds are up because they didn't adjust witholding for the tax cut extensions in the BBB.
The Average Tax Refund is Up $351
Posted on 4/7/26 at 8:31 am to RFK
Refunds mean absolutely nothing. It's how much you had to pay in taxes for the year that matters.
Posted on 4/7/26 at 8:31 am to RFK
quote:
make this a bad move all around
Morons like you are always at the root of these problems.
Posted on 4/7/26 at 8:31 am to RFK
I bet some people did get $1,000 more.
I knew I wasn't going to. No tips or overtime, but I still voted for it.
I knew I wasn't going to. No tips or overtime, but I still voted for it.
Posted on 4/7/26 at 8:33 am to RFK
quote:
being an interest-free loan to the Government, make this a bad move all around.
First time paying taxes?
Posted on 4/7/26 at 8:34 am to RFK
Owed $2700. Was within my acceptable limits either side of zero.
Overall effective tax rate was about the same as last few years.
Overall effective tax rate was about the same as last few years.
Posted on 4/7/26 at 8:35 am to Timeoday
quote:
They got him now!!
It must be exhausting trying to get Trump. All while he Tea-bags them daily.
Posted on 4/7/26 at 8:45 am to RFK
Well, since I am paying triple digits in taxes, they can frick right off.
Posted on 4/7/26 at 8:47 am to RFK
We blew that extra $351 in gas last month not to mention the additional $1B a day we are spending on Israel’s pet project War. If this is MAGA, not sure I want to be a part of it.
Posted on 4/7/26 at 8:55 am to RFK
63 million / 3500 = only ~18,000 people. The math isn’t mathing
Posted on 4/7/26 at 8:57 am to RFK
Ive never understood why people want a tax refund. That just means you gave the government a interest free loan. I just wrote the gov a check as I do every year.
Posted on 4/7/26 at 8:57 am to RFK
quote:
I don’t understand why the government keeps an extra $63 million
They don't take your money. People do not know how to adjust their W2 and dependents to break even or owe. This is the user's fault.
This post was edited on 4/7/26 at 9:00 am
Posted on 4/7/26 at 9:00 am to RFK
quote:
Regardless, I don’t understand why the government keeps an extra $63 million only to return to tax filers at the end of the year.
It's not "the government". It's people that just guess on their W-4 for withholding.. and when it's excessive... they just leave it. Also, some people inexplicably max out their withholding for a "bonus" at tax filing time.
Plus people can send in their estimates and then have a casualty loss or some other loss.
Then there is the credits like the "clean vehicle credit" was.
And then there is the """"""earned""""""" income credit.
Posted on 4/7/26 at 9:03 am to RFK
quote:
RFK
Where was your concern when the senile old crook Brandon was allegedly President?
You're one more idiot I would block if this site had that function.
Posted on 4/7/26 at 9:04 am to RFK
quote:
The Average Tax Refund is Up $351, Still Below the “Extra $1,000” Projected by Trump
Getting a "tax refund" means you're a moron who doesn't know how to fill out withholding forms.
Posted on 4/7/26 at 9:08 am to RFK
Got him now?
Your OP is inaccurate if you talk to a tax preparer.
No tax on SS, SS not counted as income and higher deductibles in general. No Obama care nonsense.
Credits all around that were formatted under EIC.
Your OP is inaccurate if you talk to a tax preparer.
No tax on SS, SS not counted as income and higher deductibles in general. No Obama care nonsense.
Credits all around that were formatted under EIC.
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