More than three-quarters of the nation’s taxpayers receive tax refunds each year. In 2010, the average refund was $3,003, up 5% from 2009 when the average refund was $2859—for many low to moderate income households, this is the largest sum of cash they will receive all year. To encourage individuals and families to make the best use of their refund, the Internal Revenue Service (IRS) has created a new program to allow taxpayers who use direct deposit to send it to multiple accounts.
