Insight Report 3 minutes Premium2019 Tax Tracker #3: Tax Filings Continue to Narrow the Gap with Last Year Coresight Research February 26, 2019 Executive SummaryThe US Internal Revenue Service (IRS) tracks tax return filings on a weekly basis. As of February 15, the IRS had received 39.7 million tax returns, down 4.8% year over year. A total of 23.5 million refunds had been issued as of that date (down 26.5% year over year), totaling $62.0 billion (down 38.8% year over year) and averaging $2,640 (down $529 or 16.7% 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 US economy, higher wages and employment rates, total refunds are likely to be higher in 2019, now that the disruption from the government shutdown has been resolved. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Deploying Tech for Leading-Edge Loss Prevention in RetailBEST at Retail: Brand Building—Storytelling Drives In-Person Store VisitsDecember 2023 Leading Indicators of US Retail Sales: The Picture Heading Into 2024Exploring International Home and Home-Improvement Sector Retailing in the UAE