The tax payment deadline is 10 days away. Here is the average cashback so far

There are 10 days left until April 18, the tax filing deadline for most Americans, and the IRS has sent more than 63 million refunds totaling more than $204 billion, as of April 1, the agency said. this bureau Friday report.

Nearly a third of Americans don’t apply until the last minute, according to a report from IPX 1031 and expect a refund of $1,915. However, the average payout is now $3,226.

According to the IPX 1031 report, despite the delayed filing, many Americans plan to use refunds to boost their finances, with 37% aiming to save money and 22% aiming to save money. repayment, IPX 1031 report shows.

The latest filing season stats come amid a rough patch for the IRS, which is still digging in from millions of unprocessed personal returns. from last year.

Although the agency issues most refunds within 21 days, several factors may cause delayincluding paper returns, payments by mail, errors or returns affected by identity theft.

“We call for greater attention to those who received an economic impact payment or an advance child tax credit last year,” said IRS Commissioner Chuck Rettig. said in a statement. “People should make sure they report the correct amount on their tax return to avoid delays.”

The IRS sent it back 7.4 million “math error” messages for the stimulus payments from January 1 to July 15, 2021, refunds delayed and many are still pending.

While the IRS cannot refund the earned income tax credit or the statutory additional child tax credit until mid-February, those payments must reach filers by January 1. 3, by agency.

You can check your refund status with “Where’s my refund?” tools online or through IRS2Go . App. You may see an update 24 hours after the IRS receives your electronic return or four weeks after submitting your paper return.