Wed, Apr 12th, 2023 - 8:00pm
April 19, 2023 - 6:00pm | By Kyle Cornell
(Washington, DC) -- As tax filing season comes to a close, Americans are seeing smaller refunds this year.
The IRS said it has processed around 69 million refunds through April 7th this year for a total of nearly 199-billion dollars. That's around 23-billion dollars less than last year's total of just over 222-billion dollars.
The average refund check this year has been worth just under 29-hundred dollars, a nine-percent drop from last year's average of a little more than 33-hundred dollars.
A recent Bankrate survey found around 75-percent of adults believe their tax refund this year is important to their financial situation.
