Tax Refunds Are Hundreds Higher This Year: 5 Things to Do With Your Windfall

Getting a tax refund always feels like finding a crisp $100 bill in an old winter coat. But this year, that coat is holding a lot more cash. According to recent data from the IRS, the average tax refund is sitting at $3,804. That’s up 10.2% — or about $351 — from the same time last year. Why the sudden jump? You can thank the new tax laws passed last year, which expanded standard deductions…