By Nate Trela | Coloradoan
Tax filing season has a little over a month left to go, with federal and Colorado state tax returns both due April 15.
The IRS says it has already issued nearly 37 million refunds totaling nearly $125 billion as of Feb. 28. The average refund amount of $3,382 is up 6% from last year.
Some taxpayers enjoy the big lump sum payment, although the refunds are largely the result of withholding more money from paychecks than you actually owed in a given year. That money could have been invested and generated a return instead of sitting in state and federal government accounts.