Refunds until March, down $ 6 billion from last year

According to recent government data, the IRS has issued repayments lower by about $ 6 billion until March compared to a similar period last year.

The agency said it has disbursed about $ 206.1 billion in repayments up to March 29, down 2.9 percent from the $ 212.3 billion paid back by the end of the year. March 2018.

The number of returns that the IRS has received and processed this year is also lower than that of a comparable period in 2018.

The agency said it issued about 1.6 million fewer refunds, and processed about 1.3 million fewer returns by March 29 compared to the previous year.

Tax preparers claim that some people take longer to file their tax returns because they want to make sure they understand how their financial situation has been affected. President TrumpDonald John TrumpSanders is planning tax cuts in the Midwestern United Kingdom until March, down from billions of dollars over last year The rates applied to "Mexican cars" are only that taxes for American consumers MORE2017 tax law C is the first year that people file taxes that reflect many changes to the law.

The average amount of refunds and the percentage of taxpayers receiving refunds until March 29th have slightly decreased compared to last year.

Refunds decreased on average by $ 20 and 79.4% of processed returns received a refund, compared to 80.1% until March 30 of last year.

Refunds are subject to close scrutiny this year due to the 2017 tax law and the IRS guidelines on payroll tax withholding, published early in the year. 2018, to reflect the key elements of the previous year's measure.

Most people get tax relief under the law and can do it even if they were entitled to a lower rebate. But many taxpayers rely on their repayments to save money or make major purchases.

Tax preparers say the changes in repayment amounts this year depend largely on the taxpayer's financial situation.