Insight Report 2 minutes Premium

2020 Tax Tracker, Week 8: Average Refund Size Increases Slightly Over Last Year

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, the US Department of the Treasury (of which the IRS is a part) announced the deadline to file (and more importantly, to pay) has been extended to July 15, but has closed assistance centers and suspended in-person tax assistance meetings.

In this report, we look at what happened in the eighth week of the 2020 tax filing season, including:

  • How the extended deadline has affected filings and refunds so far.
  • The impact of the coronavirus shutdown on IRS operations and online traffic to its site.
  • The current statusof returns filed, processed and refunds issued.

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