Average Refund Time 2024. The rebound in 2024's average refund size is due to the irs' adjustment of many tax provisions for inflation. The number increased by the end of last year:
Statistics released by the irs on 24 february showed the average refund for people filing taxes this year was $3,272 if a filer provided direct deposit information and $3,213. Hereโs how to make sure you get your tax refund as quickly as possible.
The Size Of The Average Refund Has Risen Year Over.
More than $115.46 billion in refunds have been given in 2024.
On Average, Filers Receive Their Refunds Two Weeks After Their Taxes Were Accepted By The Irs For Direct.
Early this week, the us internal revenue service reported that the average refund distributed this tax season was $3,209, a 4.4 percent increase over those paid by the tax.
Hereโs How To Make Sure You Get Your Tax Refund As Quickly As Possible.
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The Average Refund Size Is Up By 6%, From $2,933 For 2023'S Tax Season Through March 17, To $3,109 For This Season Through March 15.
So far in 2024, the average federal income tax refund is $3,145 โ an increase of just under 6% from 2023.
So Far, 36,288,000 Refunds Have Been Given In 2024, Compared To 42,040,000 In The Same Time Frame In 2023.
$3,236 *this data compares the refunds distributed on 17 february 2023 and 16 february 2024