2020 Tax Tracker, Week 25 and Wrap-Up: Total Refunds Down by $14 Billion; Average Refund Flat

What's Inside

Each year, the IRS reports tax return filings and refunds on a weekly basis, starting at the end of January until the April 15 deadline. This year, due to Covid-19, the US Department of the Treasury extended the deadline to file (and more importantly, to pay) to July 15.

In this report, we look at what happened in the 25th and final week of the 2020 tax filing season, including:

• How the extended deadline affected filings and refunds.
• The impact of the coronavirus shutdown on IRS operations.
• The total number of returns filed and processed this season, as well as the total refunds issued.

Read the 2020 Tax Tracker for week 24 here.