Insight Report 3 minutes Premium2019 Tax Tracker #2: Year-over-Year Decline in Tax Filings Starts to Moderate Coresight Research February 20, 2019 Executive SummaryThe U.S. Internal Revenue Service (IRS) tracks tax return filings on a weekly basis. As of February 8, the IRS had received 28.8 million tax returns, down 6.9% year over year. A total of 11.4 million refunds had been issued as of that date (down 15.8% year over year), totaling $22.2 billion (down 23.2% year over year) and averaging $1,949 (down 8.7% year over year). The drop is in returns filed is likely due to confusion from tax law changes, combined with reduced availability of IRS agents due to the government shutdown. Given a solid U.S. economy, higher wages and employment rates, total refunds are likely to be higher in 2019, once the disruption from the government shutdown is resolved. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Diving into the Diverse, Underserved Segments of the US Beauty MarketIs Financial and Economic Optimism Waning?: China Consumer Survey InsightsWeinswig’s Weekly: ’Twas the Night Before CESUS Store Tracker Extra, May 2023: Aldi Openings Drive Total New Retail Space to 73 Million Square Feet