Average Tax Refund Down

Tax Form - 1040

Tax season is off to a slower start this year, and early filers are seeing smaller average refunds.

The Internal Revenue Service says the average refund so far is down about 8 percent under the first full year of the overhauled tax code, according to data the IRS released Friday.

Refunds for early filers are averaging $1,865. That’s compared to $2,035 for the 2017 tax year.

The total number of returns received by the IRS also dipped during the first week of the season, which ended Feb. 1. It’s down about 2 million returns, from about 18 million at this point last season to some 16 million so far in 2019.

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