Taxpayers have already received almost $87 billion in income tax refunds this year, but many are neglecting to ask for a modest refund from a now defunct telephone tax.
So says the Internal Revenue Service, which reported Friday that as of Feb. 17 it had processed refunds worth $86.9 billion from about 31.8 million returns, up 5.8 percent in dollar amounts compared to the same time in the 2006 filing season. The average refund was $2,733, up 3.6 percent from the previous year.
The tax agency expects to process about 136 million individual income tax returns by April 17, the deadline this year. So far it has received almost 38 million returns, of which 30 million were filed electronically.
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