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Average IRS tax refund is up 10.8%, new filing data shows

The average IRS tax refund is up 10.8%, based on new filing data. Here's what you can expect.

Average IRS tax refund is up 10.8%, new filing data shows

TL;DR

  • The average tax refund is 10.8% higher so far this season compared to last year.
  • As of March 13, the average refund was $3,623, up from $3,271 a year ago.
  • Rising gasoline prices could offset the increase in tax refunds.
  • The national average gasoline price reached $3.91 per gallon on Friday, up from $2.93 one month ago.
  • The increase in refunds is partially attributed to the earned income tax credit and the additional child tax credit (ACTC).

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