Tax payers are getting less bang for their buck in 2023. The IRS said the government has so far issued $172 billion in refunds. That's down 9 percent from a year ago, and the average refund is down from roughly $3,2000 to $2,900. However, the overall number of people to get refunds is up 3 percent.
Share:
More In Politics
Trump rejects claim he’s ‘chickening out’ on tariffs
President Donald Trump wants the world to know he’s no “chicken” just because he’s repeatedly backed off high tariff threats.
Wall Street whips back upward after Trump pauses more tariffs
Wall Street is rallying after President Donald Trump delayed a 50% tariff on goods coming from the European Union.
Disney puts Venezuelan workers on leave after Trump strips status
Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections.
Trump’s latest tariff threats knock U.S.,Euro Stocks and Apple
U.S. stocks are falling after President Donald Trump threatened 50% tariffs on the European Union that could begin in a little more than a week.
House Republicans pass Trump’s big bill after all-night session
House Republicans stayed up all night to pass their multitrillion-dollar tax breaks package.
Trump implores divided Republicans to unify behind his budget
President Donald Trump has implored House Republicans on Capitol Hill to drop their fights over his budget.
US businesses that rely on Chinese imports express relief and anxiety
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Democrats block stablecoin bill as they raise conflict concerns
Senate Democrats have blocked legislation to regulate a form of cryptocurrency after arguing that the bill needed stronger protections.
What’s in the US-UK trade deal? A broad agreement with limited details
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
