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Tax Refunds Rise Nearly 11% in El Paso for 2023 Filing Season

KTSM••Andrew Dorn
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As of February 6, 2023, the average tax refund issued has increased to $2,290, marking a 10.9% rise from the previous year's average of $2,065. This increase is significant for taxpayers in El Paso, potentially impacting their financial planning and spending. The IRS's data suggests that more individuals may benefit from larger refunds this year, which could provide a boost to local economies. Residents should be aware of this trend when filing their taxes and consider how it may affect their financial situations.

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