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Uncle Sam’s Annual Countdown: How Many of Us Will Be Getting a Tax Refund This Year? How Many of Us Have Debt?

The deadline for submitting taxes in 2022 has passed. There is now a general sense of gloom for those who owe and glee for those who are expecting rebates in its wake. Recent SmartAsset research shows the number of county residents on both sides of that spectrum.

The specialists at SmartAsset evaluated IRS data to discover which counties in the United States had the most significant average tax refunds. On the other hand, it identified the areas residents owed the most.

Bucks County was smack dab in the middle of a ten-county evaluation of Pennsylvania.

According to SmartAsset, 234,800 Bucks County residents will receive refunds this year, while 79,060 will owe Uncle Sam money.

$2,902 Refund checks will be issued to county residents on average. The in-country financial reckoning totals $7,085 for individuals making their own payments.

Bucks County received a SmartAsset Taxes Refunded Index of 16.92 due to the data, placing it fifth in a statewide ranking.

With a 15.87 index and a No. 6 ranking, only Philadelphia County had worse local outcomes.

Montgomery County taxpayers fared the best with a 19.26 ranking and first place among the collar counties.

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Delaware and Chester’s counties came in second and third, respectively. SmartAsset has more information on local income tax data.

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