Average tax refund so far: about $3,000

By Allison Linn

The IRS has already handed out tens of millions of income tax refunds, and the average refund amount is about?$3,000.

IRS Commissioner Douglas Shulman told a House subcommittee Thursday that the IRS had received more than 70 million individual tax returns as of March 10, up about 5 percent from the same time last year

Shulman said the IRS had issued 59.2 million refunds as of March 10, for a total of $174 billion.

The $3,000 refunds are about the same as last year, according to Shulman?s testimony before a Ways and Means subcommittee.

If you?re more of a procrastinator than an early bird, don?t worry: You still have some time. The tax due?datehas been extended to April 17 this year.

Related:

For identity theft victims, paying taxes is a nightmare

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How big a tax refund do you expect to get this year?

Source: http://lifeinc.today.msnbc.msn.com/_news/2012/03/22/10813274-average-income-tax-refund-so-far-about-3000

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