Categories: WTVO

Illinois ranks 8th in average tax refund size, according to new report

ROCKFORD, Ill. (WTVO) — Residents in Illinois receive the 8th largest tax refunds on average, according to a new report.

Using data from the Internal Revenue Service, a study undertaken by Upgraded Points found that the average Illinois taxpayer receives a refund of $3,394.

That ranked Illinois 8th behind states like Florida ($3,852), Texas ($3,774), Wyoming ($3,720), Nevada ($3,643), Louisiana ($3,577), Georgia ($3,574), and Mississippi ($3,394).

The report showed that for Illinois residents making less than $50,000 a year, the average return was $2,498.

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For those making $50,000 – $100,000 a year, the average return was $2,840. Between $100,000 – $200,000 resulted in an average of $4,118. For those making over $200,000 a year, they could expect an average return of $14,709.

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