In a tax update, Uprgraded Points provided key findings on IRS refunds which passes along:
Most Americans receive refunds: Roughly three-quarters of all tax filers receive refunds, averaging nearly $3,300 annually.
Refunds vary by income: Average refunds increase with household income; however, high-income taxpayers are the least likely to receive refunds.
There are geographic variations in refund size: Average refund amounts are highest in parts of the South and Mountain West, especially Florida, Texas, Wyoming and Nevada.
And in paper check vs. direct deposit: About 10% of taxpayers don’t use direct deposit, with paper check use highest in rural areas and in pockets of the northern U.S.
You can get the full report at upgradedpoints.com/news/average-tax-refunds-by-state-county
