Why Your Tax Refund May Decrease by $1,000 – IRS Explanation

Why Your Tax Refund May Decrease by $1,000 – IRS Explanation

With the onset of the 2025 tax season, the US Revenue Service (IRS) had reported an extraordinary fall in the average amount of tax refunds. As on February 14, the mean refund value is $2,169,-32% below last year’s refund value of $3,207. Such an unpredictable dip in refund amounts is becoming a cause for concern … Read more