Why Is My 2019 Refund So Low?
Many Americans will receive a smaller federal tax refund for 2018 than they usually do, and might even have to pay the IRS, owing to changes in the tax law.
What was the average tax refund last year?
The average tax refund issued so far fell to $1,865, down 8.4 percent from $2,035 at the same time last year, according to IRS statistics. The number of refunds issued also dropped by 24.3 percent.
Is there going to be a tax refund in 2020?
However, the 2020 tax season is unparalleled to any other tax year and will likely throw surprises at taxpayers who don’t plan ahead. It’s important to be prepared so you’re not shocked by the result when you file your income taxes.
