WASHINGTON – With less than a week away from April 15th’s tax deadline, the Internal Revenue Service (IRS) has released more information about this year’s tax filing and refunds.
The IRS said it’s disbursed more than $206 billion in refunds through March 29, 2019.
That number is down nearly three percent from the same period last year. The IRS has also issues fewer refunds and processed fewer returns as well.
Tax preparers said this is expected, as this is the first year people are filing taxes that reflect changes made by President Trump’s 2017 tax law.
More than 79 percent of processed returns have received a refund this year. That number is down slightly from the same period last year.