Tax Time can be very stressful. Here are 10 Tax Time Facts that can bring you harmony and ease your mind:

  1. The IRS has issued 7.6 million refunds worth $26.8 billion
  2. The average refund is $3,120
  3. There are 4 million words in the U.S. tax code
  4. The average IRS hold time – 28 minutes (10 minutes in 2010)
  5. $21 Billion in Expected IRS losses due to tax fraud in 2016
  6. 5 Thousand changes in tax code since 2001
  7. 7 weeks – the estimated timetable for refunds from paper returns
  8. 80% of returns are filed electronically
  9. The IRS has a smartphone application called IRS2Go to check refund status and get tips and assistance
  10. 80% of U.S. tax filers get a federal tax refund


10 Facts to Bring Harmony During Tax Time Infographic


The Internal Revenue Service
The Washington Post
Congressional Budget Office
The Center on Budget and Policy Priorities
The Tax Foundation