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Heather Long: Average tax refund is around $340 with many lower income Americans receiving less

Heather Long: Average tax refund is around $340 with many lower income Americans receiving less
Average tax refund is $340

Heather Long reports that the average larger tax refund was approximately $340.

She adds that many lower income Americans received less than this amount, and some also saw reductions in health subsidies.

Earlier this year, Heather Long reported that the Federal Reserve kept interest rates at 3.5 to 3.75% following an 8-4 decision, the most dissent since 1992. In March, she also noted that the U.S. hiring rate increased to 3.5%, the highest in nearly two years. These shifts follow recent updates on tax refunds received by Americans.

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