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IRS touts a 24% increase in tax refunds compared to the previous administration

WASHINGTON (AP) — Tax refunds this season are up 24% compared with the four-year average of refunds before President Donald Trump took office, his administration said Thursday — a change credited to Republicans’ tax legislation signed into law last year. As the tax season kicked off in January, the White House had boasted that average returns were projected to rise by at least $1,000. But currently, the average refund amount is $3,521, according to the latest IRS data, which is an 11% A...

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