Kyphosis defined: This drawing depicts the spinal condition of kyphosis. Kyphosis is an abnormal increase in normal kyphotic (posterior) curvature of the thoracic spine which can result in a noticeable round back deformity.
The IRS is responsible for collecting taxes and the administration of the Internal Revenue Code. It has also overseen various benefit programs. The first income tax was assessed in 1862 to raise funds for the American Civil War, with a rate of 3%. Today the IRS collects over $2.4 trillion each tax year. It processes around 234 million tax returns annually.
It's still early days in the tax season, but the IRS has already received more than 14 million returns, the agency said Friday. And it has issued refunds averaging $3,539 to nearly 7.6 million filers through January 30. Refunds tend to be bigger early in the tax season, since those expecting a lot of money back are most likely to file first. Over the course of the next few months, nearly 8 out of 10 filers will get a refund.