Monday, April 16, 2018

Tax Day Facts

Some numbers to keep in mind on this Tax Day:

  • $1.72 trillion: The amount the IRS expects to collect this year
  • $406 billion: The gap between what the IRS estimates people owe and what they collect
  • 155 million: The number of returns Americans are expected to file
  • 70 percent: The number of filers who get a refund
  • $2,925: The average amount of that refund
  • 8.1 billion hours: The amount of time Americans spend working on taxes
  • 1.1 million: Number of tax returns audited by the IRS each year
  • 0.6 percent: The chances that you personally will be audited

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