Refunds top the $100 billion mark.
By Beth Bellor
With the traditional tax filing deadline back in place, it’s a good thing that the gaps between 2020 and 2021 data points are closing more each week.
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The IRS had received 55.7 million individual income tax returns as of March 5, the latest data available. This was down 18.1 percent from the same calendar week in 2020, but not an apples-to-apples comparison because the 2021 tax season began 18 days later. It had processed 49 million returns, down 24.7 percent, pegging the current processing rate at 87.9 percent.
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