The average refund amount so far this tax season has been just under $3,000 — about 10% lower than a year ago, according to the IRS.
has been just under $3,000 — about 10% lower than a year ago, according to the IRS. The dip in refunds and the end of certain pandemic-era relief policies is putting a squeeze on many.
"That little bit of extra money helps us deal with the seasonal nature of our business and the changing expenses in our business," Heather Mohalski said., the Mohalskis relied on government stimulus checks, while a PPP loan kept their business afloat and child tax credits for their two kids boosted their refund.
"There's nothing we can do about it other than just react to it and manage money as best we can," Matt Mohalski said.
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