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DeepNewz, mobile.
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The IRS warns that tax refunds will be significantly lower this year, with the average refund amount as of February 2 down 28.9% from the same period last year. Various reasons are causing delays in tax refunds this year, leading to consumer concerns similar to those experienced in 2019.
Tax refunds are markedly smaller so far this year than the same time a year ago, according to the early data from the IRS + YahooFinance. The average refund amount was $1,395 as of Feb. 2, down 28.9% from $1,963 for the same period last year, the IRS reported.
For a Quicker Tax Refund, Don't Forget to Do This When You File https://t.co/iYty6pDejm
There are multiple reasons your tax refund could be delayed this year past the normal time: https://t.co/fv9uALBary
