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How Not To Get Burned On Your Taxes!

it's time to take a closer look at your paycheck and your taxes.

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. 

RELATED: How to Track Your Tax Refund

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. 

RELATED: Want Your Tax Return on Time? Filing Electronically is Your Best Bet

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. 

RELATED: Millions of Americans will probably be surprised by their tax refunds -- or bills

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.