2023 US Tax Tracker #4: Post-Tax-Day Wrap-Up—IRS Issues $237 Billion in Refunds, Coresight Research Survey Reveals Consumers’ Plans for Tax Refunds

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 was on April 18. Wrapping up our US Tax Tracker series, we look at what happened in the 2023 tax-filing season, as of April 21, 2023.

We also discuss consumers’ plans for their tax refunds, based on proprietary survey data.

Data in this research report include:

• US consumer expectations to receive tax refunds
• US consumers’ plans to use their tax refunds, including the categories that they expect to spend on
• Number of returns filed and processed, and total and average refunds returned to date
• Total annual refunds disbursed, 2015–2023YTD

Other relevant research:

• Our wrap-up report on the 2022 filing season