Tax Payers Received an Average Sum of $2,827 as Tax Refund

A few days ago, the Internal Revenue Service (IRS) announced that although the pandemic hit them severely in their operation, little by little, they have been able to remove the essential issues that concern taxpayers, such as the distribution of checks of stimulus and reimbursements.

In the case of stimulus checks, they have a schedule that causes them to be delivered in batches on specific dates. In this sense, the stimulus payments in accordance with the current law, approved in March, will stop being delivered in December of this year; that is, the payments are guaranteed.

Despite the fact that the IRS has had a shortage of staff, the federal agency reported that the total average of the returns processed, so far, is slightly higher than previous tax seasons, with which the members of the governmental body are satisfied up till now. According to the Fox television network, Erin Collins, a national taxpayer advocate, announced in a report to Congress that the average refund that has been given in the 2021 tax season ranges from $ 2,827; this is equivalent to approximately 2% more compared to the last three years.

According to Collins’ study, it is revealed that the average refund in 2020 was $ 2,748, while the averages were $ 2,725 in 2019 and $ 2,780 in 2018. Although there are positive numbers according to the IRS, the IRS has yet to process pending declarations, which are not few.

A few weeks ago, the IRS commissioner, Chuck Rettig, reported publicly, in the framework of an appearance before legislators, that the agency is not going through one of its best moments and asked congressmen to raise the budget of the organ in order to make your operation more agile.

The agency began the 2020 rebate filing season with a backlog of more than 11 million raw paper returns. The IRS has literally tens of millions of returns awaiting manual reviews, which have yet to be processed. In total, the agency faces a backlog of 35.3 million raw individual and business returns, a four-fold increase from the backlog it had at the end of the 2019 filing season. This whole situation occurs when the IRS is about to release the Child Tax Credit and Earned Income Tax Credit payments, two tax supports that aim to help low-income Americans that were expanded in the package of $ 1.9 trillion coronavirus aid from President Joe Biden.