By CPA Trendlines
Refunds to individual income tax filers topped the $200 billion mark as the 2016 filing season entered its final month.
The Internal Revenue Service had received 89.41 million individual returns by March 25, down 0.9 percent from the same time in 2015. It had processed 86.91 million of those returns, down 1.6 percent. While slowing, that’s still a 97.2 percent processing rate.
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