Pros handle less than half of e-filings.
By CPA Trendlines
Six weeks into tax season, 63.5 million individual income tax returns had been filed, down 3.9 percent from the same period in 2021 – the week ending March 11, the latest data available from the Internal Revenue Service. Of those returns, 62 million had been processed, up 5.9 percent, pegging the current processing rate at a respectable 97.6 percent.
MORE: Tax Pros Preparing 46 Percent of E-filings | IRS Launches 2022 Season with “Strong Start”
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A tax season that began and ends one month earlier than the previous year makes comparisons difficult, with true perspective likely not possible until late May.
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