3 minutes

2023 US Tax Tracker #3: IRS Issues $199 Billion in Refunds, Average Refund Declines by 9%

Primary Analyst: Aden Dillon D'Souza, Analyst
Contributors
Primary Analyst: Aden Dillon D'Souza, Analyst
Other Contributors: John Harmon, CFA, Associate Director of Technology Research
Insight Report

What's Inside

Each year, the IRS (Internal Revenue Service) reports tax return filings and refunds on a weekly basis. This year, the filing deadline is on April 18. Continuing our US Tax Tracker series, we look at what has happened in the 2023 tax-filing season so far, as of April 7, 2023.

Data in this report include:

  • Number of returns filed and processed, and total and average refunds returned to date
  • Total annual refunds disbursed, 2015–2023YTD

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