Coresight Bites: 2021 US Tax Tracker—Week One Sees IRS Issue $48 Billion in Refunds

• The US Internal Revenue Service (IRS) kicked off the 2021 tax filing season on February 12 this year when it began accepting tax returns for 2020—a delay compared to the normal start in early January. The delay this year allowed the IRS more time to prepare for the Covid-19 Relief Bill, which took effect in the US in late December.
• Each year, the IRS reports tax return filings and refunds on a weekly basis, until the April 15 deadline. Our US Tax Tracker reports will provide coverage on tax return filings at four-week intervals.

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