The financial portal recorded more than 1.2 million annual IRS returns being filed at the end of the first week of the three-month period during which taxpayers must comply with this declaratory obligation.
While there have been no clear income-based filing milestones and deadlines for several years, Financial Portal data shows that the majority of households that have already filed their annual IRS reports only had income from dependent employment and/or pensions in 2023.
Of the 1,242,448 households (including individual taxpayers and married or cohabiting partners) that have already filed an IRS return, more than one million (1,011,923) were required to report only wages for employment or pension purposes.
While the average refund payment period was not specified for this year, recent years have shown that tax refunds reach taxpayers’ accounts in less than 20 days after filing a return – with no discrepancies or filing errors found.
Last year (for the 2022 campaign), the average refund period was 19.5 days, compared to 16 days for IRS automatic.
Under the law, taxpayers who did not withhold tax or did so in sufficient amounts during 2023 have until August 31 to pay the missing tax.
The deadline to file your annual IRS return is June 30th.
In 2023, the Tax and Customs Administration recorded the disappearance of 6,341,880 IRS returns through the Financial Portal – and this number includes replacement returns and returns related to income from previous years.
Author: Lusa
Source: CM Jornal
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.