This year, the average return is about $300 smaller than last year’s.
WASHINGTON — Expecting a tax refund? It could be smaller than last year. And with inflation still high, that money won’t go as far as it did a year ago.
The more than 100 million taxpayers who have had their returns processed as of April 7 got refunds that were an average of 9.3% less than last year, in part due to pandemic relief programs expiring. The filing deadline for most taxpayers is Tuesday, though it has been extended for parts of California, Alabama, Georgia, New York, Tennessee, Arkansas, Mississippi and Indiana that were hard hit by
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