The average IRS tax refund is more than 32% lower this season, early filing data shows. Here's why
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The average tax refund this year is down 32.4% compared to last year, according to early filing data from the IRS.
Tax season opened on Jan. 27, and the average refund amount was $2,169 as of Feb. 14, down from $3,207 about one year prior, the IRS reported on Friday. That figure reflects…
This story appeared on cnbc.com, 2025-02-25 19:43:43.