Lately, one of the frequently asked questions we are hearing is, “what’s the deal with IRS funding”. From what we are being told, certain offices are experiencing inconsistent or slow funding.
Every year, when all the dust settles, the bank product funding percentage for our community is a little north of 90%. We thought it would be interesting and incredibly insightful to look at the current % of returns funded based on their submission date.
So, we pulled a massive report (on 4/2) for the entire community, summed it up by the week the return was submitted and calculated what percentage of those returns have funded through 3/30. These numbers change with each IRS funding. As of 4/2, the below numbers are a “current” snap shot in time.
Results vary by office but as a whole, this is where we stand!
Hope this answers some questions for those of you who were curious!