Insight Report 4 minutes Premium

2020 Tax Tracker, Week 3: IRS Holds EITC and ACTC Refunds, Tax Filings Still Down Versus Last Year

What's Inside

As of week three of the US tax refund season, the more or less normal patterns of the first two weeks have shifted dramatically: In week three, the number of refunds issued was down significantly, but the total value of those refunds was down even more significantly.

This report looks at:

  • Where we are as of week three in terms of refunds—and what that may mean for the rest of the season.
  • How people see their refunds: as a way to boost savings to for a new purchase.
  • How age and gender affect perceptions of and plans for tax refunds.

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