- Nadia Lopez
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- Alex Fitzpatrick
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Among filers receiving a refund. Data: IRS; Map: Alex Fitzpatrick/Axios.
Thousands of dollars in federal tax refunds are on the way for many Californians.
Why it matters: Tax filing season ends Tuesday .
- Most California taxpayers stand to get a refund after navigating the process.
By the numbers: About 63% of Californians who filed their federal 2022 taxes got a refund.
The big picture: The federal government disbursed $38.8 billion in refunds to Californians for tax year 2022.
- That averages out to about $3,344 per refund.
- That’s slightly above the U.S. average of nearly $3,300 but well below Florida, which has the highest average nationwide at about $3,900.
Yes, but: It’s better than what people got in Maine that year: about $2,700.
Between the lines: That’s among filings for those owed a refund and who chose not to apply that refund to next year’s taxes.
- Differences among states are tied to residents’ income levels, withholding selections and other variables.
- Pandemic-era job losses, stimulus checks and tax breaks also had an impact in the past few years.
Reality check: While many people eagerly await their tax refunds as a kind of bonus, it’s really just money you temporarily loaned to the government at 0% interest.
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