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The IRS sent out nearly 30 million refunds. This is the average payout


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Despite the ongoing challenges, the IRS sent out nearly 30 million tax refunds, worth about $103.2 billion, the agency said. Friday report.

While 29% of Americans worry about less refunds, according to one Bank surveythe average is now $3,473 through Feb. 25, $658 more than last year’s payout of $2,815.

Of course, the average return can change as millions of Americans file by the April 18 deadline. The IRS has received about 45.4 million returns to date.

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The latest filing season stats come amid a rough patch for the IRS, which is still digging in from millions of unprocessed personal returns. from last year.

Although the agency issues most refunds within 21 days, several factors may cause delayincluding paper returns, payments by mail, errors or returns affected by identity theft.

“We call for greater attention to those who received an economic impact payment or an advance child tax credit last year,” said IRS Commissioner Chuck Rettig. said in a statement. “People should make sure they report the correct amount on their tax return to avoid delays.”

The IRS sent it back 7.4 million “math error” messages for the stimulus payments from January 1 to July 15, 2021, refunds delayed and many are still pending.

Your Refund Status

While the IRS cannot refund the earned income tax credit or the statutory additional child tax credit until mid-February, those payments must reach filers by January 1. 3, by agency.

You can check your refund status with “Where’s my refund?” tools online or through IRS2Go app. You may see an update 24 hours after the IRS receives your electronic return or four weeks after submitting your paper return.



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