Everyone knows what Monday is. April 15th means Tax Day, the deadline for filing your income taxes.
Before the digital age, millions of taxpayers every year would end up dropping off their tax returns at post offices, sometimes just before the midnight deadline.
Nowadays of course, it’s all very different. How different? Well, the IRS says 96.7 percent of taxpayers so far have paid electronically, which the IRS says makes processing returns go a lot faster.
And among the ways the tax filing season has changed in the digital era, is that of all those electronic filings, 53% were completed by tax professionals while 47% were done by taxpayers themselves, many using one of the online tax prep services or apps.
No one likes to pay taxes but the IRS reports that so far this tax season, nearly 70 percent of taxpayers have gotten refunds with the average refund so far here in 2024 just over three thousand dollars, which the IRS says is about 5 percent more than refunds paid in 2023.
What hasn’t changed about paying taxes is the debate about how much we should have to pay and how much is too much.
That will go on for as long as taxes are around and of course that means forever.
(Photo Getty Images)
Photo: Getty Images