Tax refunds so far this year are down by $6 billion from 2018

Tax refunds so far this year are down by $6 billion from 2018

Individual tax refunds this year have been slightly smaller than last year. At the end of last month, the amount of money the government refunded was $6 billion below this time last year, according to IRS figures. As of March 29, the Treasury had issued 71.8 million refunds. This time a year ago it had issued 73.4 million. The average refund, at $2,873, is only $20 less than it was last year.

Simone
Simone
Fernando Granizo
Fernando Granizo 9 months

“Lower refunds don't mean Americans paid more taxes—quite the opposite. Most workers paid less in taxes last year and saw higher take-home pay week in and week out. But for many Americans, a slightly higher paycheck doesn't quite have the same visibility as a single $3,000 check in March or April.” CBS news

ZK AY
ZK AY 1 year

how you should spend some of your tax return... buy a firearm or 6

TheWeakMinded
TheWeakMinded 9 months

Refunds are down. Ok. Did the actual percentage paid change? Refund mentioned I paid about 5% of my income in taxes. cant compare myself to last year though, I had about 4 months of no work...

Ognar
Ognar 9 months

It is funny how these headlines attempt to paint taxpayers taking home more of their pay every week so that at year end they have over paid the government far less and paid less as a bad thing. When less money is given to the government as an interest free loan throughout the year, less money will be owed in pay back by the government to the tax payers at the end of the year. And the tax payers are better off for the change.

SimonR
SimonR 9 months

Good. Less tax wrongly taken.

Ognar
Ognar 9 months

It is funny how these headlines attempt to paint taxpayers taking home more of their pay every week so that at year end they have over paid the government far less and paid less as a bad thing. When less money is given to the government as an interest free loan throughout the year, less money will be owed in pay back by the government to the tax payers at the end of the year. And the tax payers are better off for the change.

Notsurewewillsee
Notsurewewillsee 9 months

Pay your debt and buy gold.

TakeThePill
TakeThePill 9 months

Okay. Not only did less come out of my paycheck all last year, my personal refund was larger than it's ever been. 🤷‍♂️ So I do''t know how tha''s a thing.

Anubis
Anubis 9 months

On Cocaine and Hookers

Shane Olson
Shane Olson 9 months

What does this mean? Honestly, this statistic tells us nothing but frames it to seem like people are paying more in taxes. Ideally, there should be $0 tax refunds.

Kenguru Safari
Kenguru Safari 9 months

this is not news

Kenguru Safari
Kenguru Safari 9 months

how you should not spend your money on what people tell you to. this is news? anyone honestly see this as news. please speak up so I can point and laugh.

Mark East
Mark East 9 months

wait till deductions go away over time and you end up oweing. are you feeling the trickle down yet. Enjoy socialism for the rich Trumpers

Zachary Brooks
Zachary Brooks 9 months

Less given with nothing paid in?

LCmcpherson
LCmcpherson 9 months

Good- that means people are keeping more money

Steven Cline
Steven Cline 9 months

Yeah. My refund was down. But, I paid almost a Third less to begin with.

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