That means more than 100 million taxpayers have already filed their tax return and received their tax refunds. On Friday, the IRS said it has received over 101 million tax returns and issued more than 67 million tax refunds.

The IRS is issuing tax refunds of up to $2,600 this week to eligible citizens across the United States. The timing of your refund depends on when you filed your tax return.

As Tax Day approaches on April 15, many taxpayers find themselves unprepared. Filing taxes late can lead to significant consequences, but understanding the potential pitfalls and taking proactive steps can help mitigate these issues.