Average Tax Refund Down 8.4 Percent As Money Under Republican Tax Plan Goes Into Accounts of Billionaires

Average tax refunds were down last week 8.4 percent for the first week of the tax season over the same time last year, according to the Internal Revenue Service. Dipping refunds are inflaming a growing army of taxpayers stunned by the consequences of the Trump administration’s tax law — and the effects of the partial government shutdown. The average refund check paid out so far has been $1,865, down from $2,035 at the same point in 2018, according to… Read more…

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