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

Source: cnbc.com - May 21, 2020

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.

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Category: General Business