Refund amounts are up by double digits.
By CPA Trendlines
Fewer returns are coming in than in 2021 but they’re being processed faster, according to the latest data available.
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Individual income tax returns received totaled 91.3 million as of the week ending April 1, down 2.1 percent from the same week the previous year, when the tax season began 19 days later and ended 29 days later. Processed returns were at 89.3 million, up 6.6 percent. That put the latest processing rate at 97.8 percent.
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