GITNUX MARKETDATA REPORT 2024

Statistics About The Average Income Tax Returns

The average income tax return in the United States is around $2,800 per individual.

Last Updated: June 18, 2024

How we write

In this post, we delve into a series of intriguing statistics surrounding average income tax returns, offering insights into various countries’ tax refund trends and patterns. From the average tax refunds in the U.S. to Canada, the UK, Australia, and New Zealand, we paint a comprehensive picture of income tax implications and refund amounts across different regions.

Statistic 1

"The average tax refund in the U.S. in 2020 was around $2,549."

Statistic 2

"In 2021 people 85 years old and older filed 2,141,062 tax returns with an average income tax return of $10,759."

Statistic 3

"In 2019 the average income tax return for middle-income families was $4,144."

Statistic 4

"The average tax refund in 2021 was $2,102"

Statistic 5

"As of 2020, the average tax return for individuals was $1,865."

Statistic 6

"The state with the highest average federal tax return in 2020 was Delaware with $4,445."

Statistic 7

"In 2020, taxpayers in their 40s got the biggest tax refunds averaging $3,611."

Statistic 8

"For the week ending Dec 25, 2020, Tax Year 2020 saw 168.1 million tax returns filed with an average income of $48,421."

Statistic 9

"Individuals in lower income tax brackets had average tax returns of about $14,007 in 2018."

Statistic 10

"The average tax refund for a single person in 2020 was $1,595."

Statistic 11

"Only about 5% of tax returns filed had an income of over $200,000 in 2018."

Statistic 12

"In 2020, for Non-filing status, the average income tax refund was $2,472 in the U.S."

Statistic 13

"The IRS issued more than 92.7 million refunds in 2021 which averaged out to be $2,873 each."

Statistic 14

"In 2020, the tax refund average declined by about 4.1% compared to 2019."

Statistic 15

"In the UK, the average Income Tax paid by individuals is 6% of income."

Statistic 16

"In Canada, the average tax refund in 2019 was $1,729."

Statistic 17

"In 2020, New Zealand's average tax refund was about $464."

Statistic 18

"In 2019, the average tax return in Australia was $2,576."

Statistic 19

"The average tax refund in the U.S went down about 16.7% in 2018 after the tax reform act."

Overall, the statistics on tax refunds and income tax returns show a wide range of averages across different demographics and regions. While some groups, such as individuals in lower income tax brackets and older taxpayers, received higher average refunds, the general trend in the U.S. saw a slight decline in tax refund averages in recent years. Additionally, the variation in average tax refunds in different states and countries highlights the diversity in tax systems and policies around the world.