IRS says tax refunds now up for year

Published February 28, 2019 8:43pm ET



New statistics from the Internal Revenue Service indicate that the average tax refund for this current tax filing season is now above the average refund issued by the tax collection agency last year.

The statistics, released Thursday, indicate that on average a taxpayer receiving a refund will get $40 more back this year than last year. Overall, the number of taxpayers receiving refunds is still down from this point last year, by close to 2 million people, though that’s at least in part because more Americans paid less in taxes due to the Republican tax overhaul law passed in 2017.

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