Early-Bird Taxpayers Gets the Refund

Tax Tips

Infographic by Column Five Media.

Did you know people who file their income tax returns in February are among the most likely to get refunds – and larger ones at that?  A TurboTax survey found that 82 percent of taxpayers who filed before the end of February got money back. In fact, 40 percent of all tax returns are filed before the end of February, according to the IRS.  And not only do most early filers get a refund, their average refund is typically larger: $2,869 compared to $2,753 for returns filed through April 15, according to the IRS. This image reveals some interesting data around the group known as “early filers” – including their demographics, what they do with their refund, their average refund, and statistics around e-Filing.

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