In sheer numbers, they fared the same as last year.
By Beth Bellor
CPA Trendlines Research
The April 18 deadline for individual income tax returns came and went, leaving a scattering of negative figures in its wake. The largest ones had dollar signs attached: average refunds down nearly 9 percent, total refunds down 11 percent.
MORE: Tax Refunds Down 8 Percent | 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 | Only 39% of Tax Returns Filed by Pros | Tax Season Opens with Refunds Up 85%
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The Internal Revenue Service received 137.1 million returns, down 1.3 percent from 2022, according to data released for the week ending April 21. It processed 134.7 million returns, up 0.7 percent – the only positive in our report.
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