The Internal Revenue Service building in Washington, on Jan. 28, 2019. (Saul Loeb/AFP via Getty Images) The latest IRS update on tax filing data shows that Americans’ tax refunds so far this year are considerably smaller than they were last year, something that both tax experts and the agency itself predicted.
As of Feb. 10, the average refund amount stood at $1,997, the latest IRS data show. That’s 14 percent lower than the average refund amount a year ago, which stood at $2,323.
Tax pros and the IRS itself warned Americans to expect smaller refunds this year.“Differences should be easily explained […]
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