Executive Summary
The US Internal Revenue Service (IRS) tracks tax return filings on a weekly basis.
- As of March 29, the IRS had received 92.9 million tax returns, down 1.4% year over year.
- A total of 71.8 million refunds had been issued as of that date (down 2.2% year over year), totaling $206.1 billion (down 2.9% year over year) and averaging $2,873 (down $20 or 0.7% 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 a recent Tax Returns Survey by the National Retail Federation (NRF).
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 +
This document was generated for
Other research you may be interested in:
Innovator Profile: RetailReady—Transforming Retail Compliance with AI and Computer Vision
US Retail—Real Estate Insights: Embracing Small Store Formats, Immersive Experiences and Emerging Technologies
Beauty Shopping in Focus; Economic Sentiment Turns Negative: US Consumer Survey Insights
Innovator Profile: ShopVision—Paving the Way for Intelligent E-Commerce with an AI Teammate
