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Millions of Americans Overjoyed: IRS Sends Out Refunds Worth a Whopping $135 Billion

The IRS has already issued over 43 million tax refunds totaling $135.3 billion, with an average refund of $3,145. However, this average could change as more returns are filed. The IRS encourages taxpayers to check their refund status using the "Where's My Refund?" tool online. Despite the early refunds, only about half of the expected returns have been received, and filing for an extension can push the deadline to October 15th.