Tax return filings crater as Americans are holding off until July 15

Tax return filings crater as Americans are holding off until July 15

ozgurcankaya

People short on cash could use a tax refund, yet millions of households continue to sit on last year’s tax returns.

The taxman received 128.2 million individual income tax returns as of May 8, reflecting a 9.4% decline from a year ago, according to IRS data. At this time last year, 141.5 million taxpayers submitted returns.

The number of refunds issued has also gone down:…

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