IRS Giving Out Slightly Bigger Refunds This Year

By Joe Gullo

Published 04/03 2014 04:14PM

Updated 04/03 2014 04:17PM

WASHINGTON -  The IRS is churning out slightly bigger refunds this year. The agency has already paid out $73 million in tax refunds so far, averaging $2,831 apiece.

That average is based on IRS statistics from January 31 through March 28. That's a 1.5% increase from the same period last year.

The IRS has received nearly 91 million returns so far. About 91% percent of them were filed electronically. The vast majority of refunds have been received by direct deposit.

Taxpayers have until Tuesday, April 15 to file their taxes this year.

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