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: CES 2024: More Cool Tech from Israeli Startups and Other InnovatorsJanuary 2024 US Retail Sales: Growth Moderates; Health Stores and Nonstore Retailers Continue To Show Solid GrowthJuly 2023 US Housing Market Indicators: Third Consecutive Month of Strong Sales Growth for New HomesAI/XR, M.D.: Operational Technology—Healthcare’s Tech-Enabled Future, Part Two