See how much the IRS is sending for the average 2024 tax refund

With many Americans still feeling squeezed by inflation, there's some good news now landing in their bank accounts, with the IRS sending average tax refunds that are bigger than a year ago.

The typical tax refund through February 23 stands at $3,213, or a 4% increase from the average refund at the same time last year, according to the most recent IRS data. 

Taxpayers were served up a double whammy last year when millions of households who were struggling with still-high inflation received smaller tax refunds due to the expiration of pandemic benefits. For instance, at this time last year, the typical refund was 11% lower than in 2022, IRS data shows.