But it's always a possibility that some of this uptick in refunds might mean that a few more fake returns are being processed and more refunds are being issued to bad actors. Scammers: It's hard to know whether more fraudulent returns are slipping through the IRS fraud filters, which have been pretty good at catching scams. The same is true for economic stimulus payments and the recovery rebate credit, which is not on the 2022 tax return. Many people due refunds could be able to file earlier this year than last because they don't have to spend as much time making sure their paperwork is in order.
Families, for example, didn't receive the Advance Child Tax Credit in 2022 so, unlike last year, they don't have to dig up letters from the IRS or find information about how much money they received months ago before filing a tax return. But many people are looking at less hassle this tax season than last year. I know that taxes continue to trigger a great deal of stress in our lives. More: Your 2022 tax refund could be smaller than you expect - and take longer to get, too More: IRS already issues nearly 8 million refunds but average refund is much smaller More: Tax Day in Michigan: 15 questions you might have on due date, refunds, more
The best guess is that there could be a few things at play here:
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