Tags: IRS | Tax | Returns | refunds

Average IRS Refund This Year Dips to About $3,000, Chief Says

Thursday, 22 Mar 2012 01:38 PM

WASHINGTON — That nice Internal Revenue Service refund check many families eagerly await this time of year is down slightly from 2011 but not too shabby: An average of about $3,000.

IRS chief Douglas H. Shulman has told a House subcommittee that through March 10, his agency issued 59.2 million refunds totaling $174.4 billion. That compares to 59 million refunds totaling $178.3 billion a year ago.

Based on those figures, this year's checks average $2,946, down slightly from last year's $3,022.

Shulman also told the House panel that through March 10, the IRS has processed almost 71 million individual returns, a small increase.

Nearly 26 million filers prepared their own electronic returns, an 11 percent jump from 2011.

And the agency has directly deposited 51 million refunds to taxpayers, up 3 percent.

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