What is the Average Tax Refund?

I discovered this slick looking infographic on early filers from TurboTax just this past weekend and was surprised by a few of the statistics they discovered. I was surprised that the average tax refund was $2,869 (seems high doesn’t it?) and that nearly a quarter of them make under $25,000. If you are in that category, it may make sense to adjust your tax withholding as you don’t want to give Uncle Sam 25% of your income.

I wanted to dig a little deeper on the question of average income tax refund because nearly three thousand dollars seems really high but it actually isn’t. It took a bit of searching but after some research into the IRS.gov’s 2008 Data Book and their SOI ...

• average tax refund statistics

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