(WIAT) — Tax season is off to a slower start this year and filers are seeing smaller-than-average refunds.The IRS says the average refund so far is down about eight percent, under the first full year of the overhauled tax code.
Refunds for early filers average $1,865. That’s compared to $2,035 for the 2017 tax year. This tax season will be watched closely for the real impact of the GOP led tax overhaul in 2017.
The overhaul ushered in the most sweeping changes to the tax code in three decades.
You can view the full report here.