Tax season is upon us, Have you done your taxes yet? did you get stuck with a smaller tax refund this year, Well You’re not alone. Refunds across the board are down by an average of $500 in 2019. a few weeks back we did our son Austins taxes and we knew it seemed off, and this was not the refund he would of liked. According to the latest IRS data, the average 2019 refund is about $2,600, as opposed to more than $3,100 in 2018.
On top of that, about 26 percent fewer people are getting refunds this year. But analysts say many Americans are getting a smaller refund because more of that money was included in their paychecks throughout the year. They also warn that the numbers could change as more tax returns are filed.