How does your federal tax refund amount compare to the Pennsylvania average?
Pennsylvania residents receive the 34th largest federal tax refunds in the U.S., according to a recent report.
Travel and finance publication Upgraded Points reported in a recent article “How Large of a Tax Refund Will You Get? Average Refunds by State and County” the average Pennsylvania taxpayer receives a federal refund of $3,011.
The Upgraded Points article used data from the Internal Revenue Service to compile the ranking.
The portion of Pennsylvania federal tax returns that result in a refund is 71%, according to Upgraded Points, and 87.4% of those refunds are issued by direct deposit as opposed to a mailed paper check.
The size of the average tax return varies greatly by income. Here’s how average federal tax refunds for Pennsylvania residents vary by income:
For residents making less than $50,000 per year, the average return is $2,203.
For residents making $50,000 to $100,000 per year, the average return is $2,737.
For residents making $100,000 to $200,000 per year, the average return is $4,062.
For residents making more than $200,000 per year, the average return is $12,560.
Centre County has an average federal tax refund of $2,738, and 68.8% of the county’s residents’ tax returns lead to refunds.
Here’s how the top 10 states with the highest average federal tax refunds compare, according to Upgraded Points:
Florida: $3,852 average federal tax refund
Texas: $3,774
Wyoming: $3,720
Nevada: $3,643
Louisiana: $3,577
Georgia: $3,574
Mississippi: $3,491
Connecticut: $3,362
Alabama: $3,357
The traditional tax deadline to file is Tuesday, April 15.
How long will your tax refund take to arrive?
If you file online, you can expect your Form 1040 return to be processed and any federal refund issued within about 21 days, according to the IRS, though it can take longer.
It takes an average of four weeks to process an online state income tax return in Pennsylvania, according to tax preparation company H&R Block. After your return has been processed, if you are owed a refund you can expect to wait three to four additional weeks to receive it. The process can take longer if state officials need more information to process your return.
For local earned income tax returns resulting in refunds, Centre County residents can generally expect to receive their refund within 75 days of April 15, the Centre Daily Times reported previously.
You can check the status of your Pennsylvania income tax refund online by inputting the tax year, refund amount and your Social Security number.
