Tax Refunds Fall Short Of Predictions

[jeffrey]

As tax season draws to a close, many taxpayers are discovering that predictions of a refund windfall were overblown. Through April 9, the average refund was up $102 to $2,090, an increase of about 5% from refunds during the same period last year, the IRS says. Economists and tax analysts had earlier predicted the Bush administration's $350 billion tax-cut package would boost refunds by more than 25%. The administration estimated the average refund would increase $300... [Read more at usatoday.com]

If you are getting your taxes in at the last minute, take a quick look at the SavingAdvice.com article Common Tax Errors to avoid any costly mistakes while rushing to get your tax return mailed in time.