It’s tax season, but it’s off to a slower start this year, and early filers are seeing smaller average refunds.
The Internal Revenue Service says the average refund so far is down about eight percent, under the first full year of the overhauled tax code.
Refunds for early filers average $1,865.
That’s compared to $2035 for the 2017 tax year.
The total number of returns received by the IRS also dipped during the first week of the season, which ended February 1st.
It’s down about two million returns, from about 18 million at this point last season, to some 16 million so far in 2019.
Source: NewsNet | IRS: Average Tax Refund Is Down About Eight Percent