An IRS cycle code is an 8-digit code on your IRS tax transcript that indicates the day your return was posted to the IRS ...

IRS Cycle Chart 2023: ... Based on previous years, it would be fair to estimate that tax refunds are issued by the IRS within two or three weeks from when an individual files their taxes.

A recent survey conducted by Qualtrics for Intuit Credit Karma found that more than a third of taxpayers rely on their tax refunds to make ends meet. That rate was even higher, 50%, among millennials.

If you’ve already filed your tax return, you’re probably eager for the IRS to send your refund. The IRS Where’s my refund? tool can help. The tool will give you a detailed refund status ...

For the 2023 tax season, the IRS processed 163,515,000 returns, resulting in an average refund of $3,170, a slight increase from the previous season's average of $3,145.

Refunds last year were smaller for many, the IRS said at the time, because taxpayers wouldn't be receiving an additional stimulus payment "because there were no Economic Impact Payments for 2022." ...

The average federal income tax refund was $3,382 for the first five weeks of the tax season through Feb. 28, up 6.3% from the refunds issued during a similar time period last year.

IRS figures show that the average taxpayer is getting a $2,852 refund, $75 more than last year. Experts generally advise putting the money toward debt and savings. Your tax refund could be bigger ...