WASHINGTON (AP) — Wednesday is the deadline for filing income tax returns, a day long associated with the dread of rushing to fill out complicated forms and, perhaps, making a payment to Uncle Sam.
But for most, it’s not that bad. Aside from the complicated forms, tax season generates $300 billion in tax refunds each year, a significant boost to the U.S. economy.
Five things to know about Tax Day:
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Those $300 billion in tax refunds were withheld from the citizens to whom it was refunded and used by the federal government without paying one penny of interest.
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