It’s huge. Like 686 Whoppers huge.
I’ve been watching the average tax refund statistic for years, ever since the Bargaineering days, and it’s always been around $3,000.
For the 2017 filing season average tax refund is (as of March 31st, 2017):
Historical Average Refund Amounts
The average refund rate tends to fall as we near tax day. The folks due a refund want to file as early as possible. The folks who owe taxes are going to wait with the procrastinators. Since the average comes from late March, it’s likely not going to move too far away from that $3,031 figure.
How does this compare to previous years?
Here are the previous year’s average refund amounts:
|Tax Year||Average Tax Refund|
|2017 (as of 3/31)||$2,878|
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