2020 Tax Tracker, Week 6: Average Refund Size Almost Equal to Last Year

What's Inside

As of week six of the US tax refund season, the volume of refunds received is up slightly year over year, and the average refund size is nearly flat versus 2019. We review the data published by the Internal Revenue Service and look at what results from week six may mean for the rest of the season. We are seeing slow but steady growth in total refunds since 2015, as well as increasing number of taxpayers filing electronically.