Here’s Why the IRS Is Reporting 31% Lower Tax Refunds This Year

Veuer 2025-03-15

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If you have already filed your taxes and received your refund you might have noticed something: it’s quite a bit smaller. According to the IRS, the average refund received this year is $2,252, that’s compared to the $3,265 average from last year. Veuer’s Tony Spitz has the details.

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