Thursday, May 22, 2014

Total refunds up this year; average is $544

The Rhode Island Division of Taxation has issued a combined total of more than $224 million in personal income tax refunds so far this year, up 0.3 percent from the same point a year ago.

For the calendar year to date, the average Rhode Island personal income tax refund is $544, up 2.3 percent compared with the corresponding period a year ago, when the average refund was $532.

Calendar year 2013
Calendar year 2014
Number of refunds
Total amount refunded
$  223,878,294
$  224,579,147
Average refund
$  532
$  544
Cumulative figures for tax year 2012 returns filed through May 17, 2013, and for tax year 2013 returns filed through May 16, 2014. Figures are before interest and offset, and do not include refunds for tax years other than those stated.