Overview
- The IRS has received about 60.7 million individual returns as of March 6, slightly fewer than at the same point last year with a month left before April 15.
- Season-to-date payouts total roughly $160.8 billion, up about 10.9% year over year, while the number of refunds issued is essentially flat.
- Roughly 27.5 million returns have claimed at least one new provision from the One Big Beautiful Bill Act using the new Schedule 1-A, Treasury reported.
- The agency urges e-filing and direct deposit for faster processing, and PATH Act holds on EITC and ACTC claims contributed to a mid-February bump in payments before averages eased.
- House Democrats say nearly one million taxpayers received IRS notices that their refunds were delayed, often due to incorrect direct-deposit information.