IRS reports smaller tax refunds this year

The IRS has reported that tax refunds this year are approximately 29% smaller than they were at this time last year.

News 12 Staff

Feb 21, 2024, 12:24 PM

Updated 58 days ago

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Bad news if you're hoping for a big tax return.
The IRS has reported that tax refunds this year are approximately 29% smaller than they were at this time last year.
The average refund currently stands at $1,395, down from $1,963.
The agency expects these figures to change as more returns are processed.


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