The IRS has issued more than 45 million tax refunds worth almost $152 billion in total as of March 11, the agency reported Friday, March 18.
The average payment so far is $3,352 — $537 more than last year. However, that amount may change as we get closer to the April 18 tax deadline.
While the IRS issues most refunds within 21 days, several factors may cause delays, including paper-filed returns, payments by mail, errors or returns affected by identity fraud.
Taxpayers can check their refund status using the “Where’s My Refund?” tool on the IRS website.