The IRS says tax filing numbers are still down, but average refund dollars are up
showing fewer returns filed and smaller refunds issued. Numbers from the Internal Revenue Service have remained low since the open, but this past week they’ve finally ticked up where it matters to taxpayers: Average tax refund dollars are up. 49,923,000 individual income tax returns. That compares with 51,740,000 individual income tax returns received by the same time last year, a drop of nearly 4%.
Those numbers may reflect some very early earned-income tax credit or the additional child tax credit payments. By law, the IRS can’t issue refunds to taxpayers who claimed EITC and ACTC before February 15.
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IRS Says Tax Filing Numbers Still Down But Average Refund Dollars Are UpTax season appeared to be off to a slow start when it opened in January, with initial statistics showing fewer returns filed and smaller refunds issued. Numbers from the Internal Revenue Service (IRS) have finally ticked up where it matters: average tax refund dollars are up.
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