Total refunds down 10 percent.
By Beth Bellor
CPA Trendlines Research
With 11 days to go in the tax season, the Internal Revenue Service was seeing red. Only two of its weekly data points were on the plus side, and those at less than 1 percent.
MORE: Average Tax Refunds Down 10% | Tax Pro E-filings Up 3% | Pros Handle 45% of Income Tax Returns | IRS Processing Returns as Fast as It Gets Them | Only 39% of Tax Returns Filed by Pros | Tax Season Opens with Refunds Up 85%
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The IRS received 101.3 million individual income tax returns as of April 7, the latest data available. That’s down 1.9 percent from the same period in 2022.
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