It is that time of year again – – tax time. Even though most people know that they must file their tax returns on or before April 15, many do not know that the IRS receives over 140 million tax returns each year from individuals and collects over $950 billion in taxes each year. On the other side of that coin (so to speak), the IRS issues over $325 billion in tax refunds each year. The average tax refund is $2,953 – – how do you compare?
For eleven more facts about taxes read, “13 Surprising Facts About Your Taxes.”