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IRS: Average refunds are $658 more dollars in 2022 compared to 2021

As Americans continue to file their tax returns with the IRS, many are noticing their refunds are larger than normal by an average of about $658.

tax return form to submit to the IRS for a tax refund

138 million refunds have been issued so far this tax season.

The average refund is about $3,473, which is higher than the $2,815 average last year.

The IRS is working for 54 million more returns as of March 4.


Thousands of seniors don’t have to pay taxes on Social Security checks

Families that did not collect the first half of their child tax credit could see a much larger refund with the additional $3,600.

Those that opted to get the first half in 2021 may see smaller refunds.

The normal amount is $2,000 per child.


IRS: Tax refunds are smaller than some expected this year

What is the fastest way to see your refund from the IRS?

Filing electronically is the best thing to do if you want to see your refund quickly.

This can eliminate potential delays, including the risk of it being lost in the mail.

Choosing direct deposit over a check will get you your money quicker as well.


IRS: 5,000 to be hired with no experience for backlog returns

If you’re claiming the Earned Income Tax Credit or the child tax credit you must make sure the amounts are correct on your return.

Failing to make sure they’re accurate could result in a delay in processing.

You may also use tax preparation software like TurboTax to complete your taxes.

If you need an extension, you can request a 6 month one that will change your due date to Oct. 17, 2022.

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