The Average Tax Refund Is Down This Year... Here's Why

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.

 
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