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After weeks of worry, Americans' tax refunds are finally trending up
Source:
businessinsider.com
- Mar 2, 2019
After three weeks of hand-wringing, some Americans got good news about the size of their tax refunds.
The IRS data from the first three weeks of the tax season showed that the size of the average tax refund was down significantly compared with the same time periods in 2018. In fact, after the third week of the 2019 tax season — which ended February 15 — the average refund was just $2,640 compared with an average refund of $3,169 through the first three weeks of the 2018 filing season, a 17% decrease.
But new data from the IRS, released on Thursday, showed that the size of the average tax refund issued has not only caught up to 2018 but also surpassed it.
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Category: General Business
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