Filing Season Statistics Show Refunds Edging Higher As Tax Day Approaches
As of March 8, 2024, the IRS had received 62,761,000 tax returns, about 49% of the expected totals for the year.
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As of March 8, 2024, the IRS had received 62,761,000 tax returns, about 49% of the expected totals for the year.
Taxpayers are finally seeing tax refunds edge higher. Refunds received for the week ending Feb. 16, 2024, were 2.1% higher than the same period in 2023.
Early filing data suggests a slow start to the filing season, with a nearly 20% downturn in tax returns received compared to the prior year—tax refunds are also down.
Ready for retirement? Plus, the truth about IRS audits and writing big tax checks—and updates on recently introduction tax bills.
Early filing data suggests a slow start to the filing season, with a nearly 20% downturn in tax returns received compared to the prior year—tax refunds are also down.