(CNN) — 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.