With the tax deadline approaching, the IRS has issued roughly 54 million refunds worth about $158 billion as of March 17, the agency reported Friday.
In January, the IRS warned filers that refunds could be “somewhat lower,” and, so far, that prediction has been accurate for many filers.
Indeed, the average refund payment was $2,933 compared to $3,305 at the same point last year. However, the average amount could change with more returns expected before April 18, the federal deadline for most filers.