Average tax refunds jump almost 11% year over year, according to IRS

Average tax refunds jump almost 11% year over year, according to IRS

As of late March, the average refund reached approximately $3,571, compared to $3,221 during the same period last year. This increase of nearly 11 percent reflects changes in tax policies, withholding adjustments, and income patterns. What is driving the increase in refunds One of the primary reasons Average tax refunds jump almost 11% year over … Read more