TAX FILING NUMBERS TO DATE:

Filing statistics for the week ended February 10, 2023 indicates that tax returns are being filed quicker, and as predicted, refund amounts are down. The IRS is also processing individual income tax returns more quickly—likely a result to finally working through the existing backlog. The data shows that the IRS processed 26,622,000 individual income tax returns in 2023, compared to 23,438,000 in the same period in 2022. That’s an improvement of 13.6% over the same period last year.