GREENSBORO, North Carolina — Many people are waiting for their tax return this year. The IRS says the average refund so far this year is about $2,640. But for many, that bill is turning into a refund. 

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However, for those who are getting a refund, they're seeing smaller ones. The average refund through February 15 was 16-percent smaller than it was this time last year. The amount of people getting refunds is down 26-percent as well. 

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So how do you avoid getting burned next year? Take a close look at your withholdings. If you don't withhold enough you're setting yourself up for another headache next year. 

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The IRS has a calculator you can use to find out how much you need to withhold to avoid owing the IRS. Click here to access it.