Tax refunds down 17 percent: IRS

By Daniel Jativa

Published February 23, 2019 4:21pm ET

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Tax refunds down 17 percent: IRS — Tax refunds are down 17 percent compared with last year, nearly $550, according to the IRS. In the last tax cycle, the average refund by Feb. 16 — the halfway mark of the tax season — was $3,256. This year, the average refund stands at $2,703. The total number of people who were eligible for […]

Tax refunds are down 17 percent compared with last year, nearly $550, according to the IRS.

In the last tax cycle, the average refund by Feb. 16 — the halfway mark of the tax season — was $3,256. This year, the average refund stands at $2,703. The total number of people who were eligible for tax returns also decreased, by 26.5 percent from one tax year to the next.

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