Smaller Tax refunds this Year
Submitted by robert on Tue, 05/15/2012 - 23:05
If you received a federal tax refund the last two filing seasons, chances are that your check from the IRS this year was smaller.
The average tax refund amount through the end of April was $2,716.
That's $106 less than the average refund amount issued at around the same time last year, according to the 2012 tax filing season.
It's also this week's figures.
Taxpayers who had their refunds deposited directly averaged slightly larger checks: $2,923. But even refunds sent straight to taxpayer accounts were smaller this filing season than in 2011, dropping from an average of $3,044 at the end of the previous April to $2,923 this year.
The average tax refund amount through the end of April was $2,716.
That's $106 less than the average refund amount issued at around the same time last year, according to the 2012 tax filing season.
It's also this week's figures.
Taxpayers who had their refunds deposited directly averaged slightly larger checks: $2,923. But even refunds sent straight to taxpayer accounts were smaller this filing season than in 2011, dropping from an average of $3,044 at the end of the previous April to $2,923 this year.
»
- robert's blog
- Login to post comments
Latest News
- Internet sales tax: What you need to know
- There are Tax Breaks for Those Who Work from Home
- Some Filing Tips if you are Procrastinating
- Why taxpayers May be Audited, the common mistakes.
- Some new tax laws that may affect you.
- Common Tax Mistakes
- There may be a penalty for the Married
- Tips to keep your tax records safe
- What Auditors Look for
- Tax tips before you plan your wedding