It’s not just taxpayers that are taking their time: the IRS also reported a drop in the rate that individual income tax returns were processed.
As of the week ended March 29, the IRS has processed 90,280,000 individual income tax returns. That compares with 91,593,000 individual income tax returns processed by the same time last year, a dip of more than 1.3 million returns.end of February
when the average refund for taxpayers went up by $40. However, those numbers have dropped again. The IRS has issued just 71,755,000 tax refunds so far this year as compared to 73,396,000 tax refunds for the same period last year. That’s a drop of just over 2%. The total amount of tax refunds issued to date is only $206.149 billion, more than $6 billion off of the same time last year. You can probably guess that the math works out to smaller average refunds for taxpayers, too: $2,873 per taxpayer compared to $2,893 for the same time last year, a decrease of $20.There's more.
There are still a few weeks left in tax season, so the overall picture could still change. Tax Day is April 15, 2019, for most taxpayers. Check back with Want more taxgirl goodness? Pick your poison: follow me on
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