Special Report

States With the Largest Average Tax Refund

Source: Sean Pavone / Getty Images

45. Wisconsin
> Average federal tax refund: $2,655
> Median household income: $64,168 (21st highest)
> Federal tax collections per capita: $9,081 (22nd highest)
> Pct. filings receiving refunds: 49.8% (18th most)

Source: Sean Pavone / Getty Images

44. South Carolina
> Average federal tax refund: $2,660
> Median household income: $56,227 (10th lowest)
> Federal tax collections per capita: $5,416 (5th lowest)
> Pct. filings receiving refunds: 50.4% (17th most)

Source: vkbhat / Getty Images

43. Idaho
> Average federal tax refund: $2,669
> Median household income: $60,999 (20th lowest)
> Federal tax collections per capita: $6,347 (8th lowest)
> Pct. filings receiving refunds: 44.3% (8th fewest)

Source: DenisTangneyJr / Getty Images

42. New Hampshire
> Average federal tax refund: $2,694
> Median household income: $77,933 (8th highest)
> Federal tax collections per capita: $8,979 (25th lowest)
> Pct. filings receiving refunds: 49.5% (20th most)

Source: ferrantraite / Getty Images

41. New Mexico
> Average federal tax refund: $2,725
> Median household income: $51,945 (6th lowest)
> Federal tax collections per capita: $4,421 (3rd lowest)
> Pct. filings receiving refunds: 51.4% (11th most)

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.