7. The average refund is worth thousands
As of February 21, the average income tax refund was $3,125, according to the Internal Revenue Service. So, let’s do the math: with 48 million individual returns processed, the IRS has paid out more than 37.5 million refunds.
8. Say goodbye to 1040EZ
Because of the 2017 Tax Cuts and Jobs Act, the simple 1040EZ form is gone now, along with the 1040A and the standard 1040. All of them have been replaced by a redesigned 1040 form. So, forms 1040A and 1040EZ are no longer accepted—and, in fact, they’re no longer available as of 2018.
