Tax refunds are still coming in smaller versus last year after the second full week of filing season, the Internal Revenue Service reported on Thursday. Tax pros say lower paycheck withholdings during the year is the likely reason.
The average tax refund issued so far dropped to $1,949, down 8.7 percent from $2,135 at the same time last year, according to IRS statistics. Last week, the agency reported that refunds were off by 8.4 percent compared with 2018 after the first week of filing.
Janna Herron | USA TODAY