Refunds down by double digits.
By Beth Bellor
CPA Trendlines Research
Tax season 2023 has been consistent. Refunds are down, and so are self-prepared filings and IRS.gov visits. By every other marker, though, business is as usual or better.
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As of Feb. 24, the latest data available, the IRS had received 46 million individual income tax returns, up 1.3 percent from the same period in 2022. It had processed 45.7 million returns, up 4.3 percent.
We always like to see processing go quickly, and the agency is speeding through returns right now at a clip of 99.4 percent.
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