Friday, March 22, 2013

Average refund is $536, up 3.7%


Rhode Island personal income tax refunds are averaging $536 apiece so far this season, up 3.7 percent from approximately the same point a year ago.

The total dollar amount of refunds issued so far this year is $124.76 million, up slightly from about the same point a year ago.


Filing season 2012
Filing season 2013

Difference

Number of refunds
239,339
232,577
-     2.83 %
Total amount refunded
$123,749,130
$124,763,474
+    0.82 %
Average refund
$517
$536
     +    3.68 %

Cumulative figures for tax year 2011 refunds through March 16, 2012, and for tax year 2012 refunds through March 15, 2013. Figures for each filing season are before interest and offset, and do not include refunds for tax years other than those stated.