TIME

SWEETEN THE TAX REFUND

According to the IRS, 80.7% of tax returns processed through March 22 have resulted in refunds

For most American households, April showers bring May flowers and, even better, tax refunds. In 2018 roughly 73% of individual income tax filers received money back, averaging a refund of $2,899. In many ways, that’s a good thing. But it also means that millions of households are together missing out on billions of dollars.

Despite worries earlier this year about shrinking refund checks, the latest IRS statistics suggest that the share of taxpayers receiving refunds

You’re reading a preview, subscribe to read more.

More from TIME

TIME1 min read
Behind The Scenes
Patrick Mahomes, Dua Lipa, and Yulia Navalnaya—seen here, clockwise from above, at their photo shoots—all sat down with TIME to discuss the impact of influence and their plans for the future. Go online to read those interviews and watch video extras,
TIME9 min read
Artists
She moves with a lightness in a heavy world—bold, playful, and self-aware. She is thoughtfully outspoken for the oppressed and displaced. She founded an influential editorial platform, Service95, to cover cultural topics and address humanitarian conc
TIME4 min read
A Jumbled Parable With A Glowing Core
Even when a movie is far from perfect, you can tell when a director has poured his soul into it. Dev Patel’s directorial debut Monkey Man—he’s also the movie’s star—is trying too hard, and for too much. It wants to be a political allegory, a somber s

Related Books & Audiobooks