Average tax refund: $3,034, according to IRS

MGN
Thursday, March 6, 2014 - 9:17pm

We're just four weeks into the tax season and the IRS said more than 48-million refunds have been issued.

The average amount of the refund is just over $3,000.

The IRS said that is an increase of about 3-percent on last year's average.

All together, the tax agency has sent out roughly $147 billion in refunds between January 31 and February 28.

A majority of the money is going into filer's bank accounts via direct deposit.

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