With tax day a month away, what was feared to be a rough filing season for the beleaguered Internal Revenue Service has gone smoother than expected — so far.
more returns at the end of the second week of March compared with a year ago, though it has received 3.9% fewer returns so far from taxpayers. More refunds have been processed and, on the whole, they are larger versus 2021, according to the latest stats, which also shows that 97.5% of refunds went into direct deposit.National Taxpayer Advocate
Still, some early hiccups emerged with the Child Tax Credit, and the IRS still has a larger-than-usual backlog of individual returns from the previous tax season, potentially creating delays for newly received paper returns. In addition to staying on top of processing, the IRS has rolled out other efforts to streamline the filing season. It launched
“IRS employees have been working tirelessly to process backlogged returns and taxpayer correspondence," IRS Commissioner Charles Rettig said previously. "To ensure inventory is back to a healthy level for next filing season, we are leaving no stone unturned — taking an all-hands-on-deck approach to ensure as many employees as possible are dedicating time to return processing.
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