The tax return filing deadline is almost here and the average tax refund is nearly $3,000.
The Internal Revenue Service has received more than 99 million 2014 tax returns and issued 77 million refunds as of April 3. Two out of three taxpayers have filed their 2014 returns, but the number of filers is down 2 percent from the same time last tax season. The filing deadline is April 15.
Among filers who overpaid the taxman, the average refund is $2,815, up 0.8 percent from the $2,792 refund last tax season.
Not getting a refund isn't a bad thing. It means you have estimated your taxes correctly.
"As longer as you don't owe underpayment penalties, you're OK," said Matt Saneholz of Tobias Financial Advisors in Plantation, Fla.
One thing he recommends late filers remember is that they may still be able to make a 2014 tax-deductible contribution to a traditional IRA by April 15. The move could lower late filers' tax bill and boost their retirement savings if they qualify for a tax-deductible contribution.