Tax refunds down by 8 pct this year. It’s been a full year since Congress overhauled the tax code, and early federal tax filers have found refund checks to be approximately 8% lower, CNN reports. Refunds for 2018 so far averaged $1,865, compared with $2,035 for the 2017 tax year, according to IRS data. Tax experts anticipated the smaller refunds because many did not adjust their withholdings after changes in the tax code took effect. Folks, you can thank your government number 45 who will go down in history as the worst president ever the time for a woman president is now can i get an amen.