The average tax refund so far this filing season is more than $3,100, the Treasury Department reported Thursday, putting things on track and denting Democrats’ claims that the 2017 tax cuts were actually hurting Americans’ wallets.
Returns are still coming in more slowly than in 2018, and not as many have been finalized by the IRS.
But the average refund is $3,143, topping last year’s $3,103.
That’s a major change from just a week ago, when the average refund was about $2,600 — and some prominent Democrats suggested the 2017 tax overhaul had backfired.
“The average tax refund is down about $170 compared to last year,” Sen. Kamala D. Harris tweeted Feb. 11, little more than a week into the tax-filing season. “Let’s call the president’s tax cut what it is: a middle-class tax hike to line the pockets of already wealthy corporations and the 1 percent.”
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6 comments:
Let's call Sen. Harris what she is: A LIAR.
you don't pay in as much, you don't get as much back.
I've chosen to get mine throughout the year instead of at the end of the year.
Well... I think an average may be misleading. If wealthier folks are getting bigger tax breaks, then the dollar amounts going back to them will be higher skewing the average.
A median return number seems like it would be a better metric to gauge by.
I can't say that I noticed that much of a change in my families taxes or returns.
Thank you 5:50 am! Finally someone makes sense. Lefty's are mad that the government didn't get a higher interest free loan on their pay this year, LOL!
For us better off folks. We do not get a refund. We just get a discount on next years tax bill. I have not gotten a refund in over a decade. The other side says dummy why did you give them an interest free loan all year with your money.
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