NEW YORK (MainStreet) – Simply utter the words “Tax Day” to friends and they’ll likely respond with a cringe and some serious eye rolling. Yet despite the stress and drudge many associate with filing tax returns, there is a light at the end of all the paperwork: the glorious tax refund.
As MainStreet has reported, it isn’t exactly a good thing to get a large refund, because that just means Uncle Sam is handing back the money you loaned it all year – without paying you any interest. But many still prefer to receive that big, fat check in the mail anyway.
Last year’s average refund wasn’t too shabby, coming in at $2,985, according to the IRS. And Larchmont, N.Y.-based tax attorney Julian Block predicts this year’s refund to be “a shade over $3,000” on average, such as around $3,050.