2019 Tax Tracker Week 7: Filings Still Down One Month Before Tax Day
The US Internal Revenue Service (IRS) tracks tax return filings on a weekly basis.
- As of March 15, the IRS had received 75.9 million tax returns, down 2.5% year over year.
- A total of 59.9 million refunds had been issued as of that date (down 3.0% year over year), totaling $177.2 billion (down 3.1% year over year) and averaging $2,957 (down $3 or 0.1% year over year).
- The top three expected uses for refunds were savings (50% of respondents expecting refunds said they would save the money), paying down debt (34%) and everyday expenses (22%), according to the recent annual Tax Returns Survey by the National Retail Federation (NRF).