IRS refunds down nearly 3 percent from same period last year

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We are less than a week away from the April 15th tax deadline, and now, we’re learning more about this year’s tax filing and refunds.

The Internal Revenue Service said it has disbursed more than $206 billion in refunds through March 29th.

Related Content: IRS: There’s nearly $1.4 billion in unclaimed tax refunds from 2015

That’s down nearly three percent from the same period last year.

The IRS has also issued fewer refunds and processed fewer returns.

Tax preparers say this is not out of the blue; It’s the first year people are filing taxes with the changes made by President Trump’s 2017 tax law. 

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