Crossword Clue: Apr. check casher
Answer:
TAX REFUND
Explanation:
April is the month when many people file their income taxes and receive their tax refunds. These refunds are often issued in the form of checks, which can be cashed at various financial institutions, including check-cashing stores. These stores typically charge a fee for this service, but they offer the convenience of cashing checks quickly and easily, without the need for a bank account.
Other Possible Answers:
H&R BLOCK
JACKSON HEWITT
LIBERTY TAX
These are all companies that provide tax preparation services and often offer check-cashing services as well.
Historical Context:
The tradition of issuing tax refunds in April dates back to the early days of the income tax in the United States. The first federal income tax was enacted in 1861 to help fund the Civil War. The tax was initially collected through a system of withholding from wages, but this system proved to be unpopular and difficult to administer. In 1913, the 16th Amendment to the U.S. Constitution authorized Congress to levy an income tax without apportionment among the states. The modern income tax system was established in 1943, and it has been in place ever since.
Cultural Impact:
Tax refunds have a significant impact on the U.S. economy. The average tax refund is over $2,000, and this money is often used to pay down debt, save for retirement, or make major purchases. The timing of tax refunds, in April, also coincides with the start of the spring shopping season, and many retailers offer sales and promotions to encourage consumers to spend their refund money.
Conclusion:
The crossword clue “Apr. check casher” refers to the practice of cashing tax refund checks at check-cashing stores. This is a common practice, especially for people who do not have bank accounts. Tax refunds have a significant impact on the U.S. economy, and the timing of these refunds, in April, also coincides with the start of the spring shopping season.
Available Answers:
IRS.
Last seen on the crossword puzzle: Eugene Sheffer – King Feature Syndicate Crossword – May 4 2024