The IRS Could Owe You Additional Tax Return Money — Here’s Why

In its final 2022 Filing Season Statistics report, the IRS stated that it has processed more than 140 million individual income tax returns, including more than 96 million refunds for a total of over $282 billion, with an average refund of $3,039.

Ninety-seven percent of the total returns received have been processed, and while that percentage makes it seem like tax season is nearly done and dusted, there is still a large number of manual tax returns that need processing and a large number of taxpayers that are still awaiting their refund.

However, unless you are in desperate need of your refund, the good news is that you may be owed interest on your unprocessed tax return.

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Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

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