* Total refunds issued represent returns received and processed in 2024 – the current year only. The number of direct deposit refunds represents returns received in the current and prior year but processed in 2024.
Also: The IRS realizes a footnote is in order and we are shocked.
By Beth Bellor
Average tax refunds are on the rise, so the weekly filing data has one uptick besides the amount of traffic to the IRS website – an increase that perhaps isn’t a positive.
MORE: Tax Pros Handle 37.7% of E-filings | Tax Pros File 33% of Early Returns
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The Internal Revenue Service had received 34.7 million returns, down 5.7 percent from the same period one year ago, as of the week ending Feb. 16, the latest data available. Lower numbers are no surprise, of course, because there had been only 19 days in the 2024 filing season, which opened Jan. 29, compared to the 26 days there had been in the 2023 season, which opened Jan. 23.
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