4 minutes

2020 Tax Tracker, Week 3: IRS Holds EITC and ACTC Refunds, Tax Filings Still Down Versus Last Year

Insight Report
Primary Analyst:
Coresight Research
Contributors
Primary Analyst:
Coresight Research
Other Contributors:
Sujeet Naik, Analyst
4 minutes

Reasons to Read

As of week three of the US tax refund season, the more or less normal patterns of the first two weeks have shifted dramatically: In week three, the number of refunds issued was down significantly, but the total value of those refunds was down even more significantly.

This report looks at:

  • Where we are as of week three in terms of refunds—and what that may mean for the rest of the season.
  • How people see their refunds: as a way to boost savings to for a new purchase.
  • How age and gender affect perceptions of and plans for tax refunds.
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