Some numbers that jump out at me:
What is the total amount the government expects to refund?
Economists at the U.S. Department of the Treasury estimate the amount refunded to individuals will be about $10 billion. (More US red ink)
What is the standard amount?
Individual taxpayers can take a standard amount from $30 to $60 based on the number of exemptions claimed on their tax return. For those claiming:
• one exemption, the standard refund amount is: $30
• two exemptions, the standard refund amount is: $40
• three exemptions, the standard refund amount is: $50 (I'll take my share for three exemptions)
• four exemptions or more, the standard refund amount is: $60