Cash Back

By: Associated Press
By: Associated Press

If that tax refund is feeling a little heavier in your wallet this year, you're not alone.

According to the IRS, the average taxpayer is receiving $2294 in refunds this year. That's up 6.6% compared to last year.

In total refunds, the Treasury Department handed out more than $118 billion as of March 12th, up 6.2% from last year.

Economists say the extra cash could give consumer spending a boost.


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