The crunch hasn’t hit IRS.gov yet.
By CPA Trendlines
Five weeks into tax filing season, refunds are well past the $100 billion mark and processing is clipping along merrily. Year-to-year comparisons remain challenging because of the difference in season dates: Feb. 12 to May 17, 2021, vs. Jan. 24 to April 18, 2022.
MORE: IRS Launches 2022 Season with “Strong Start”
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As of March 4, the latest data available, the agency had received 54.7 million individual income tax returns, down 1.7 percent from the same week in 2021. It had processed 53.1 million returns, up 8.3 percent. We always look at how quickly the returns coming in are processed, and right now that rate is 96.9 percent.
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