Financial Newsletter: April 2017
It might not be the most wonderful time of the year, but it is arguably the most important.
With tax filing season upon us, here are some statistics from previous tax filing years.
$2,860
The average refund per tax return for the 2016 calendar year. This represented a 2.3 percent increase from the previous year, meaning that tax returns essentially kept pace with inflation.
152.5 million
Amount of individual income tax returns
that the IRS received in the 2016 calendar
year. This represented a 1 percent increase
from the previous calendar year. Of the
total number of returns, over 86 percent
were filed electronically.
$317.6 billion
The total combined amount of refunds
issued to all tax filers in 2016, a 3.8 percent increase from the previous year.
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