![]() "A lot of those payments go to things like medical bills and other expenses that are really pretty crucial. "That refund check, for a lot of Americans, is the single largest bump of income in the year," Allen said, so much so that many households plan around it. "If you use the tax filing delay to slow down operations at the IRS, you also delay people getting refund checks," said Clayton Allen, an equity analyst at Height Securities.Ī related problem is that the vast majority of taxpayers - about 80% - get money back when they file, and the vast majority of them are low- or moderate-income workers - just the kind of person who is mostly likely to spend.
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