This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
As prices rise, the checks from Uncle Sam are falling in value. Krakenimages.com / Shutterstock.com
The total amount of money flowing into American wallets from federal tax refunds is down sharply in 2023, according to the latest figures from the IRS. So far in 2023, federal tax refunds amount to about $183 billion, a 10.4% decrease from the $204 billion refunded at the same point last year. The size of the average refund also is shrinking. It stands at $2,910, down 9.8% from the average refund…
More from my site
Should You Take Out a Personal Loan to Cover the Cost of a Move?
Are You One of the 270,000 Homeowners Who Can Benefit From a Mortgage Refinance?
9 Things That Really Are Free on Amazon
4 Fabulous Costco Products That Are Worth Every Penny
Should You Continue to Work Even With Retirement Income?
10 Cars That Cost More Used Than New
