Taxpayers receive the highest average income tax refunds in these states
Don't mess with Texas – or its taxpayers in spring.
The state took the No. 1 spot in a national ranking of average federal tax refunds from financial technology company SmartAsset. The listing analyzed the total amount of money issued in federal income tax refunds and the total number of income tax refunds issued for all 50 states and Washington, D.C., to calculate the average tax refund from the IRS for each area.
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Texas taxpayers received the largest average income tax refund in 2016 at $3,133, according to the study. Residents in Oklahoma and Louisiana also saw average tax refunds above $3,000, bringing in $3,088 and $3,073, respectively. New York, a state with some of the highest earners in the nation, was No. 4 with an average refund of $2,986.
But while the average tax refunds in states such as No. 5 Connecticut, No. 6 Mississippi and No. 7 New Jersey were separated by less than $20, money in each state stretches much differently based on housing, meals and other cost of living factors. North Dakota and Florida rounded out the top 10 with more than $2,800 going to each taxpayer on average.
Find SmartAsset's ranking of the top 10 states with the highest average tax refunds below, and a complete listing here.
|Rank||State||Average Tax Refund|
|8||District of Columbia||$2,904|
More state-related rankings can be found here.
Copyright 2017 U.S. News & World Report