Friday, April 5, 2013

Average refund is $536, up 4%



The overall dollar amount of personal income tax refunds issued by the Rhode Island Division of Taxation is up so far this year, and so is the average amount per refund. 

The average refund is $536, up from $515 at the same point last year, an increase of 4 percent.

Use the “Where’s My Refund” tool on the Tax Division’s website to check the status of your refund. The tool is updated once a week, usually by Saturday, with fresh figures.


Filing season 2012
Filing season 2013
Difference
Number of refunds
267,170
259,473
- 2.88%
Total amount refunded
$137,632,600
$139,000,373
+0.99%
Average refund
$515
$536
+4.08%
Cumulative figures for tax year 2011 refunds through March 23, 2012, and for tax year 2012 refunds through March 22, 2013. Figures are before interest and offset, and do not include refunds for tax years other than those stated.