This Is The Average Tax Refund In Georgia

Atlanta GA

22 April, 2021

2:11 PM

Description

Grant Suneson, 24/7 Wall St. Atlanta April 19 2021 Americans paid in 2019 more than $3.5 trillion in taxes. Nearly half of all tax returns filed by individuals, corporations, and estates received a refund. Altogether, the Internal Revenue Service issued nearly 122 million refunds totaling $452.1 billion, or $3,709 per refund. There are a number of variables that affect the amount that is refunded, one of which is location. The average refund can vary by state from under $2,500 to more than $8,700. For the fiscal year 2019, the average tax refund for Georgia was $3,162. This ranks as the 16th highest among all 50 states and is lower than the average refund amount of $3,709 nationwide. This figure includes not just personal income tax returns, but also corporate taxes, estate taxes, and more. Nationwide, the IRS collected $10,860 per person in 2019, but in Georgia, IRS collections per capita were lower, at $8,882. Nationwide, 48.2% of tax returns filed received a refund. But in Georgia, 49.7% of returns received a refund, which ranked 19th most among all states. To determine the average tax refund in every state, 24/7 Wall St. reviewed data on tax refunds from the IRS. States were ranked based on the average tax refund amount issued in the 2019 fiscal year, which includes refunds for individuals, corporate taxes, estate taxes, and more. This is how each state ranks in average tax refunds. Rank State Average refund ($) Median household income ($) IRS collections per capita ($) 1 Delaware 8,766 70,176 20,615 2 New Jersey 4,502 85,751 15,791 3 Connecticut 4,018 78,833 16,014 4 Illinois 3,724 69,187 12,806 5 Texas 3,684 64,034 10,082 6 Nebraska 3,652 63,229 13,209 7 Minnesota 3,571 74,593 18,200 8 New York 3,495 72,108 15,678 9 Massachusetts 3,478 85,843 17,415 10 Washington 3,351 78,687 13,212 11 Louisiana 3,349 51,073 8,482 12 Oklahoma 3,327 54,449 7,363 13 Kansas 3,291 62,087 9,041 14 Florida 3,234 59,227 9,779 15 Alabama 3,204 51,734 5,407 16 Georgia 3,162 61,980 8,882 17 Wyoming 3,136 65,003 8,197 18 Alaska 3,122 75,463 7,375 19 Tennessee 3,111 56,071 10,216 20 California 3,094 80,440 11,946 21 Mississippi 3,087 45,792 3,788 22 Arkansas 3,081 48,952 10,131 23 Nevada 3,070 63,276 7,717 24 Colorado 3,067 77,127 10,412 25 Pennsylvania 3,055 63,463 11,090 26 South Dakota 3,041 59,533 9,076 27 Arizona 3,000 62,055 6,559 28 Maryland 2,979 86,738 12,980 29 Michigan 2,966 59,584 8,169 30 Virginia 2,940 76,456 9,791 31 Missouri 2,927 57,409 10,452 32 Iowa 2,922 61,691 7,897 33 Utah 2,916 75,780 7,591 34 North Dakota 2,840 64,577 8,713 35 North Carolina 2,830 57,341 8,369 36 Ohio 2,827 58,642 1,2379 37 Indiana 2,817 57,603 9,006 38 West Virginia 2,808 48,850 3,928 39 Hawaii 2,792 83,102 6,530 40 Kentucky 2,751 52,295 7,967 41 New Mexico 2,725 51,945 4,421 42 New Hampshire 2,694 77,933 8,979 43 Idaho 2,669 60,999 6,347 44 South Carolina 2,660 56,227 5,416 45 Wisconsin 2,655 64,168 9,081 46 Rhode Island 2,605 71,169 13,523 47 Vermont 2,583 63,001 7,220 48 Oregon 2,537 67,058 8,308 49 Maine 2,482 58,924 6,049 50 Montana 2,459 57,153 5,948 This story was originally published by 24/7 Wall St., a news organization that produces real-time business commentary and data-driven reporting for state and local markets across the country.