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Why It’s Good News That 2019 Tax Refunds Are 16% Lower Than Previous Year

Tax season is in full swing and early 2019 filers are already noticing a significant decrease in refund amounts due to the 2018 Tax Cuts and Jobs Act. According to the IRS, the average refund amount of 2019 is $2,640, while the average for 2018 was $3,169 (a 16.7 percent decrease).
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