Whatever format you choose for your tax refund, we'll show you how to track the status of your tax return and your IRS money. Setting up a direct deposit to your bank account speeds things up, as paper checks can take six to eight weeks to arrive by mail. Ninety percent of eligible taxpayers should receive their refunds within three weeks of filing, according to the IRS. However, those refunds are 11% less than last year on average - $3,028 in 2023 compared with $3,401 at this time in 2022. 23, the agency has processed 52 million tax returns and issued 42 million tax refunds - 10% more than at this time last year. The IRS is handling tax returns faster this year, but the amount of money taxpayers are getting is a bit less. This story is part of Taxes 2023, CNET's coverage of the best tax software, tax tips and everything else you need to file your return and track your refund.
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