Special Report

States With the Largest Average Tax Refund

Source: Kruck20 / Getty Images

15. Alabama
> Average federal tax refund: $3,204
> Median household income: $51,734 (5th lowest)
> Federal tax collections per capita: $5,407 (4th lowest)
> Pct. filings receiving refunds: 53.1% (7th most)

Source: Sean Pavone / Getty Images

14. Florida
> Average federal tax refund: $3,234
> Median household income: $59,227 (17th lowest)
> Federal tax collections per capita: $9,779 (21st highest)
> Pct. filings receiving refunds: 45.2% (11th fewest)

Source: Davel5957 / Getty Images

13. Kansas
> Average federal tax refund: $3,291
> Median household income: $62,087 (24th lowest)
> Federal tax collections per capita: $9,041 (24th highest)
> Pct. filings receiving refunds: 47.8% (24th fewest)

Source: DenisTangneyJr / Getty Images

12. Oklahoma
> Average federal tax refund: $3,327
> Median household income: $54,449 (8th lowest)
> Federal tax collections per capita: $7,363 (12th lowest)
> Pct. filings receiving refunds: 48.3% (25th fewest)

11. Louisiana
> Average federal tax refund: $3,349
> Median household income: $51,073 (4th lowest)
> Federal tax collections per capita: $8,482 (22nd lowest)
> Pct. filings receiving refunds: 50.8% (13th 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.