Texas tops the nation for expected tax refunds


In terms of the average tax refund expected, Houston is number five of the top 100 largest cities, according to a new study.

According to the latest MagnifyMoney annual tax study shares the places people are most anticipating a refund.

Magnify Money's Brian Karimzad said Houstonians have historically fared well.

"The average Houstonian's refund is $3,587, looking back over 2012 to 2016," said Karimzad.

While the 10 cities where taxpayers receive the biggest tax refunds are the same year-over-year, however, refunds didn’t grow in every metro area. Tax refund amounts trended down in three Texas cities: McAllen, Houston, and Corpus Christi.

Karimzad said the IRS stated that tax return filings this year have seen a total dollar drop in the actual amount of refunds, as well as the size of refunds and the number of people getting a refund.

He said due to the new tax law changes, there's a lot of moving parts and so far, all signs point to getting a refund has changed.

"There's definitely some changes in the air. And, if you live in a place that has a lot of folks who historically expected a refund, it may be different this year," said Karimzad.

Karimzad said Houstonians, New Yorkers and Dallas folks get about 78 percent back. About 88 percent of filers in McAllen get their refund.

Income tax numbers at the accountant's office

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