DDN – Most Americans find the process of filing their taxes to be unenjoyable. For even those who find it somewhat easy, it still feels like a task to tackle. Despite any disdain you may have for the task of preparing your return, the moment the refund lands in your bank account is likely a day you truly appreciate.
Despite numerous personal finance experts advocating for adjusting withholdings to earn interest over the year, a significant number of Americans continue to favor receiving their tax refund as a single payment soon after filing. Indeed, if it guarantees that the funds are allocated for investment or saved, it may be worthwhile to sacrifice that slight increase in interest from lowering your withholding.
Which Americans are receiving the largest refunds on their tax returns? The research calculated the overall sum of money distributed as refunds in each state and divided it by the count of returns that received a refund to determine the average refund amount. Discover how your state measures up against others when it comes to receiving that generous payment from the federal government.
Washington
Oregon
Reference: The Average Tax Refund Check in Every State
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