What is a tax refund?
Most people are excited to receive a tax refund but never stop to consider what it actually is. Is it a bonus, a gift, a special prize from Uncle Sam? Should you really be excited to receive one? What should you do if you're expecting a return. Watch below to find out!
Interesting tax return facts
- 8 out of 10 tax payers will receive a tax refund
- 84% of workers making less than $50,000 received a tax refund in 2012
- The average amount of return received was approximately $2,800
- 34% of workes making more than $200,000 received a tax refund in 2012