tax season opens with refunds up 85%

data tablenearly two-thirds of returns have been self-prepared.

by beth bellor

the latest tax season is off to a roar, with refunds up 85 percent and processing up 29 percent above last year at this time.

more on tax season: more: marchternity: just say ‘no’ | marchternity: the solution is community | why the irs is still doing data entry by hand | news on irs is maybe sort of a little bit good | why we all hate the tax code | how bullish are you this tax season? | accountants’ top problems for tax season 2023 | tax season 2023: better or worse?

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as of feb. 3, the end of the first week of collections, the irs had received 19 million individual income tax returns, up 13.5 percent from the same week in 2022. it had processed 16.8 million returns, up 29.1 percent.