Tax refunds are much smaller so far this year, IRS says
Early data published by the IRS indicates the average tax refund is worth about $1,395 so far this year, a sharp drop from the 2023 filing season.
www.foxbusiness.com
"The average tax refund is 29% smaller this year, according to early IRS data"
"The average refund check so far this year is worth $1,395 as of Feb. 2, about 29% lower compared to the $1,963 average recorded last year. That is based on nearly 2.6 million tax refunds collectively worth about $3.65 billion."