WASHINGTON – The IRS says taxpayers are receiving refunds that are about the same size as last year’s, even with new tax reforms.
On average, taxpayers saw about $40 more this year than last year.
The new figures take into account refunds given out through the week ending on February 22.
It’s a even bigger jump if you look at week-over-week tax refunds.
The latest average refund stands at more than $3,100. Last week’s average was a little more than $2,600. That’s a 19 percent jump.
Earlier this year, the Treasury Department came under fire after taxpayers noticed a drop in refund amounts.
The department said the latest increase is in part due to the earned income and child tax credits that were disbursed at the end of February.