Last week we brought you information on taxes collected by the Internal Revenue Service (see IRS Collected Over $3.3 Trillion in FY 2015); this week, we focus on refunds.
The IRS issued more than 119 million refunds amounting to almost $403.3 billion in fiscal year 2015 after collecting more than $3.3 trillion in gross taxes.
The information comes from the recently released 2015 IRS Data Book, covering the agency’s fiscal year, Oct. 1, 2014, to Sept. 30, 2015.