5 things to know about Tax Day: refunds are up, audits down

FILE - In this April 13, 2014, file photo shows the Internal Revenue Service (IRS) headquarters building in Washington. Tuesday, April 18, 2017, is Tax Day, that dreaded day when millions of procrastinators rush to fulfill their civic duty by filing state and federal tax returns. But for most, it’s not that bad. Sure, the forms are complicated and yes, there is math. But tax season also generates about $300 billion in refunds, a significant boost to the U.S. economy. (AP Photo/J. David Ake, File)

By Associated Press April 18, 2017 4 min read

WASHINGTON (AP) – Tuesday is Tax Day, that dreaded day when millions of procrastinators rush to fulfill their civic duty by filing state and federal tax returns.

But for most, it’s not that bad. Sure, the forms are complicated and yes, there is math. But tax season also generates about $300 billion in refunds, a significant boost to the U.S. economy.

Five things to know about Tax Day:

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