Average Tax Refund Down $500 This Year

Did you get stuck with a smaller tax refund this year?  You’re not alone.  Refunds across the board are down by an average of $500 in 2019. According to the latest IRS data, the average 2019 refund is about $2,600, as opposed to more than $3,100 in 2018.

On top of that, about 26 percent fewer people are getting refunds this year. But analysts say many Americans are getting a smaller refund because more of that money was included in their paychecks throughout the year.  They also warn that the numbers could change as more tax returns are filed.