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Now that the IRS has caught up and has released many of the refund it delayed as a result of its nationwide computer problem earlier this month, we expect only a small number of refunds to be released by the IRS tomorrow.
As of today, looking at statistics of tax returns recently filed, here are estimates of the percentage of refunds not yet released by the IRS:
– for returns filed on 2/07 and prior, most refunds have been released by the IRS.
– for returns filed on 2/08 – 2/13, approximately 10% have not yet been released by the IRS.
– for returns filed on 2/14, approximately 15% have not yet been released by the IRS.
– for returns filed on 2/15 – 2/19, approximately 20% have not yet been released by the IRS.
– for returns filed on 2/20, approximately 30% have not yet been released by the IRS.
– for returns filed on 2/21, approximately 50% have not yet been released by the IRS.
– for returns filed on 2/22, approximately 60% have not yet been released by the IRS.
– for returns filed on 2/23, approximately 90% have not yet been released by the IRS.
– for returns filed on 2/24 and beyond, the IRS has released very few refunds
