US Tax Refunds Decline 3.3% This Year in Run-Up to Deadline
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Data from the Internal Revenue Service shows that 66.8 million taxpayers were reimbursed through April 5, compared to 69.1 million through April 7 last year, indicating a 3.3% decline in tax refunds. This means that approximately 2.3 million fewer Americans received a refund this year compared to 2023. The decrease in tax refunds suggests that consumer spending may be disrupted.

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https://www.bloomberg.com/news/articles/2024-04-15/us-tax-refunds-decline-3-3-this-year-in-run-up-to-deadline