After three weeks of data showing the average tax refund was smaller than last year, the IRS announced Thursday that refunds are up 1.3% on average.
A fan holds an American flag as paper falls from buildings above during the ticker tape parade for the U.S. women's soccer team to celebrate their World Cup final win over Japan, in New York, July 10, 2015.The average tax refund amount was down significantly from last year during the first three weeks of the 2019 tax season.
Internal Revenue Service data from the first three weeks of the tax season showed that the size of the average tax refund was down significantly compared to the same time periods in 2018. In fact, after the third week of the 2019 tax season — which ended February 15 — the average refund was just $2,640 compared to an average refund of $3,169 through the first three weeks of the 2018 filing season, a 17% decrease.
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Shrinking tax refunds are a growing problem for GOP tax lawMost Americans will pay less in taxes for the last year after the legislation's across-the-board cuts. But little-noticed withholding adjustments and other changes have so far led to lower average refunds that have angered taxpayers.
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