Treasury calls reports on dip in tax refunds ‘misleading’

The Treasury Department on Monday said reports of a reduction in average tax refunds in 2019 are “misleading.”

In a tweet, the department said refund amounts have been consistent with 2017 levels and “down slightly” from last year, something it blamed on a small sample size.

“News reports on reduction in IRS filings & refunds are misleading. Refunds are consistent with 2017 levels and down slightly from 2018 based on a small initial sample from only a few days of data,” the tweet reads.

View the complete February 11 article by Michael Burke on The Hill website here.