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2021 US Tax Tracker #1: IRS Issues $48 Billion in Refunds

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Coresight Research

What's Inside

Each year, the IRS reports tax return filings and refunds on a weekly basis, until the April 15 deadline. In this report, we look at what happened in the first week of the 2021 tax filing season, which started on February 12 this year.

  • Refunds are down compared to the same time last year, but up significantly compared to the first week of the 2020 filing season
  • Filings are down compared to the same time last year, but up significantly compared to the first week of the 2020 filing season
  • The IRS rolled out some new features, including making forms available in a range of languages besides English and allowances for charitable deductions under the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act.

Click here to read our wrap-up report on the 2020 tax filing season.

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