Tags: IRS | Tax | Returns | refunds

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

Thursday, 22 Mar 2012 01:38 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

NYPD Fears Drones Used for Terrorist Attacks

Thursday, 30 Oct 2014 11:08 AM

In the past year, New York City's Police Department has taken a harder look at the possibility of drones being used for  . . .

Doctor Gottlieb: Bigger Quarantines to Come in US

Thursday, 30 Oct 2014 10:22 AM

The United States will face a greater threat from Ebola this winter, as the epidemic in West Africa turns into a potenti . . .

Jobless-Aid Claims Rise to 287,000 but Remain Near 14-Year Low

Thursday, 30 Oct 2014 09:17 AM

The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved