Among filers receiving a refund. Data: IRS; Map: Alex Fitzpatrick/Axios.
Florida's average tax refund was $3,852 in 2022, ranking among the states with the highest amount, IRS data shows.
Why it matters: The 2024 tax season ended yesterday and millions of taxpayers have received or are expecting refunds.
Yes, but: The IRS pushedthe tax filing deadline to May 1 for all Florida taxpayers to accommodate anyone impacted by hurricanes Helene and Milton.
By the numbers: Florida (about $3,900), Texas ($3,800) and Wyoming ($3,700) had the biggest average tax refunds for tax year 2022, per the latest data available.
How it works: That's among filings for those owed a refund and who chose not to apply that refund to their next year's taxes.
Differences between states are tied to residents' income levels, withholding selections and other variables.
Pandemic-era job losses, stimulus checks and tax breaks also had an impact in the past few years.