Tax Refunds Down 8 Percent

table of IRS weekly tax season dataPros handle 55 percent of e-filings.

By Beth Bellor
CPA Trendlines Research

The Internal Revenue Service has a little less to do than usual.

MORE: Pros Filing 54% of Individual Tax Returns | 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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With four days left in the season – as of April 14, the latest data available – the agency has received 117.3 million individual income tax returns, down 4.3 percent from the same period in 2022. It has processed116.2 million returns, down 2.2 percent.