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Tax Season Begins: 164M Returns Expected, Refunds Rise!

1/30/2026

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Story summary
  • The IRS expects to receive 164 million tax returns by April 15, 2023, as tax season begins in the U.S.
  • The average refund last year was $3,167 and may increase by $1,000 this year due to changes in tax law.
  • Despite 94% of returns being filed electronically last year, challenges may arise from a significant reduction in IRS staff.
  • Taxpayers can expect refunds for credits like the Earned Income Tax Credit and Child Tax Credit by March 2, 2023, for direct deposits.
  • Eligibility for these credits depends on income and family status, and taxpayers can check their refund status using the IRS2Go app or online tools.