IRS Announces Tax Refund Increase as It Rakes in Near-Record $4.7 Trillion From Taxpayers

Tax refunds boosted by 3 percent.
IRS Announces Tax Refund Increase as It Rakes in Near-Record $4.7 Trillion From Taxpayers
The Internal Revenue Service (IRS) building in Washington, on June 28, 2023. Madalina Vasiliu/The Epoch Times
Tom Ozimek
Updated:
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The Internal Revenue Service (IRS) has disclosed that it raked in nearly $5 trillion in taxes from Americans in the last fiscal year, while boosting the amount it paid out in refunds by nearly 3 percent and boasting that it kept its pledge not to increase audit rates for those earning less than $400,000 per year.

After a record $4.9 trillion haul in the 2022 fiscal year, the IRS collected a slightly lower but still substantial $4.7 trillion last year, according to the IRS’s annual Data Book for fiscal year 2023.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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