Stimulus checks aren’t the only cash infusion hitting U.S. households.
On top of those $1,400 direct payments going to most adults, more than 42.5 million tax refunds were issued in the first four weeks of the tax season, which started Feb. 12, according to data released by the IRS on Thursday. The average amount is $2,967, down slightly from $2,973 a year ago.
Given that temporary tax changes have taken effect since many of those refunds went out — including waiving federal taxes on $10,200 in unemployment benefits and forgiving excess health insurance premium tax credits — some households will end up getting an unexpected refund (or a bigger one).
