Average tax refunds up $40 for 2019

The Treasury Department's latest weekly figures show that average taxpayer refunds are just about the same as last year's, even under the new tax reform....

Posted: Feb 28, 2019 5:05 PM

The Treasury Department's latest weekly figures show that average taxpayer refunds are just about the same as last year's, even under the new tax reform.

The average refund check was $40 more this year than last year through the week ending February 22, according to data released by the Internal Revenue Service on Thursday.

That's just 1.3% more for the roughly 47.4 million Americans whose returns were processed for the most recent week, compared to the same period last year.

The Treasury Department came under fire for an early drop in refunds, though the agency has noted that actually suggests that individual payroll withholding throughout the year has gotten more accurate.

"Most people are seeing the benefits of the tax cut in larger paychecks throughout the year, instead of tax refunds that are the result of people overpaying the government," a Treasury spokesperson said in a statement earlier this month.

But many Americans depend on their tax refunds as a windfall they use to pay for big-ticket items like cars, appliances or vacations -- a reality the Trump administration tacitly acknowledged when it committed to paying out refunds despite the recent partial government shutdown, a reversal of established IRS practice.

Treasury also noted in its latest release that tax refunds on average week-over-week jumped 19% to $3,143 compared to last week's average of $2,640. The increase, they said, is largely due to remaining earned income tax credits and child tax credits that were disbursed this week. The two tax credits couldn't be paid out until Feb. 15 under the law, resulting in bigger refund checks for Americans in the past two weeks.

This year's filing season, the first under the 2017 tax reform, is being closely watched for unexpected impacts on individuals. Treasury has made it a point of saying that results of the tax filing season vary week to week and to avoid drawing conclusions so early in the season.

The number of returns processed so far by the IRS is still slightly below last year's nearly 50 million returns.

New York Coronavirus Cases

County data is updated nightly.

Confirmed Cases: 500677

Reported Deaths: 33435
CountyConfirmedDeaths
Queens766967293
Kings751697390
Bronx553544988
Nassau496632208
Suffolk489982019
Westchester404381470
New York360763195
Rockland17943683
Richmond172521095
Orange13597505
Erie13021713
Monroe7312300
Dutchess5472163
Onondaga5454207
Albany3627136
Broome356683
Oneida2746128
Ulster251895
Niagara2075101
Putnam181263
Sullivan177948
Chemung17433
Schenectady157050
Saratoga134517
Rensselaer109942
Steuben100557
Chautauqua92413
Columbia71038
Ontario66935
Tioga62930
Oswego6274
Tompkins6190
Madison56517
Cortland5470
Greene50518
Cattaraugus5026
Wayne4885
Warren45933
Orleans40654
Otsego4005
St. Lawrence3994
Cayuga3972
Chenango3977
Herkimer39410
Genesee3885
Fulton36224
Washington33614
Allegany3081
Livingston3058
Montgomery2684
Clinton2465
Jefferson2070
Essex1980
Wyoming1885
Delaware1777
Seneca1433
Lewis1270
Schuyler1260
Yates1237
Schoharie1110
Franklin800
Hamilton170
Unassigned019
Utica
Overcast
42° wxIcon
Hi: 46° Lo: 34°
Feels Like: 37°
Oneonta
Overcast
41° wxIcon
Hi: 45° Lo: 32°
Feels Like: 38°
Herkimer
Overcast
42° wxIcon
Hi: 45° Lo: 33°
Feels Like: 37°
Thendara
Overcast
42° wxIcon
Hi: 40° Lo: 26°
Feels Like: 37°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Click here to learn more about A Healthier Mohawk Valley
VOTE OCTOBER 22-30
Saluting Those Who Are Proud 2 Serve
WKTV Golf Card - Under 150 left