Average tax refunds about $3K as filing season hits midpoint

THE AVERAGE federal tax refund average was about $3,008 for the week ending March 8, $4 more than the previous year. The IRS estimates it will ultimately issue about 2.3 percent fewer refunds this year as a result of changes to how much were withheld from paychecks. / BLOOMBERG NEWS FILE PHOTO
THE AVERAGE federal tax refund average was about $3,008 for the week ending March 8, $4 more than the previous year. The IRS estimates it will ultimately issue about 2.3 percent fewer refunds this year as a result of changes to how much were withheld from paychecks. / BLOOMBERG NEWS FILE PHOTO
NEW YORK - The IRS has sent out 3.3 percent fewer tax refunds so far this year, but the average refund size continues to track with prior years, according to IRS data released Thursday. Key insights The average refund was about $3,008 for the week ending March 8, approximately halfway through the filing season. That’s…

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