Average tax refund in Nevada ranks 24th highest in the nation


Average federal tax refunds in Nevada ranked 24th among the 50 states, according to a new analysis from the website 24/7 Wall St.

The average refund in the state was $3,015, based on 24/7 Wall St.’s examination of 2017 IRS Data Book numbers. The refunds resulted from more than 245 million tax returns submitted to the Internal Revenue Service by individuals, businesses, trust funds and other entities.

Nevada residents have a median household income of $58,003. Federal tax collections per capita in the state was $7,195, while the percentage of filers receiving refunds was 52.1.

The average refund calculated in the 24/7 Wall St. study was $3,582. Refunds, however, were not distributed evenly among the states, with residents in three states receiving refunds averaging more than $4,000, while the average in three other states was under $2,500.

The reasons for the wide range in refund numbers are varied, according to the study. Lower refunds tend to go to residents of states with no state income taxes, while residents in states with high tax rates tend to get higher refunds, the study found.

---

Average Federal Tax Refunds by State

RankStateMedian Household IncomeFederal Tax Collections per capita% Filings Receiving RefundsAverage Federal Tax Refund
1Delaware$62,852$17,75747.6%$4,445
2New Jersey$80,088$15,97247.8%$4,153
3Connecticut$74,168$16,03648.5%$4,001
4Texas$59,206$9,57353.5%$3,949
5Minnesota$68,388$18,72647.9%$3,846
6Oklahoma$50,051$6,89749.3%$3,714
7Illinois$62,992$12,68050.6%$3,525
8New York$64,894$13,51948.9%$3,458
9Louisiana$46,145$9,12151.9%$3,261
10California$71,805$11,14146.5%$3,239
11Washington$70,979$11,59648.7%$3,234
12Iowa$58,570$7,83448.3%$3,231
13Massachusetts$77,385$16,47248.6%$3,202
14Wyoming$60,434$7,58442.7%$3,191
15North Dakota$61,843$8,79042.9%$3,175
16Georgia$56,183$9,04052.1%$3,153
17Virginia$71,535$10,29351.1%$3,124
18Missouri$53,578$11,76449.7%$3,105
19Florida$52,594$9,19146.8%$3,096
20Rhode Island$63,870$14,07852.0%$3,081
21Pennsylvania$59,195$10,91752.8%$3,068
22Maryland$80,776$11,77250.3%$3,039
23Mississippi$43,529$3,93456.4%$3,017
24Nevada$58,003$7,19552.1%$3,015
25Utah$68,358$7,24947.5%$3,007
26Kansas$56,422$8,77548.5%$2,981
27South Dakota$56,521$9,05343.7%$2,977
28Alaska$73,181$7,29949.6%$2,966
29Colorado$69,117$10,12044.1%$2,964
30Alabama$48,123$5,45354.4%$2,933
31Nebraska$59,970$13,25547.9%$2,919
32Arkansas$45,869$10,80451.8%$2,912
33Tennessee$51,340$10,28457.0%$2,860
34Indiana$54,181$8,84156.1%$2,832
35South Carolina$50,570$5,30152.0%$2,828
36New Hampshire$73,381$9,04050.5%$2,801
37Ohio$54,021$12,18754.9%$2,776
38Arizona$56,581$6,26148.9%$2,750
39Kentucky$48,375$7,88655.7%$2,742
40Michigan$54,909$8,29952.4%$2,737
41North Carolina$52,752$8,06551.9%$2,726
42New Mexico$46,744$4,30052.5%$2,702
43Oregon$60,212$7,80844.6%$2,692
44Hawaii$77,765$6,59548.4%$2,682
45West Virginia$43,469$3,84458.7%$2,675
46Wisconsin$59,305$9,16050.8%$2,621
47Idaho$52,225$6,04945.6%$2,512
48Maine$56,277$6,05146.8%$2,497
49Vermont$57,513$7,09245.4%$2,443
50Montana$53,386$5,78839.8%$2,421
Source: 24/7 Wall St.

Want to get notified whenever we write about 24/7 Wall St. ?

Sign-up Next time we write about 24/7 Wall St., we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

24/7 Wall St.

More News

Metro Business Network