The first U.S. tax filing season under the overhaul that President Donald Trump signed into law at the end of 2017 got off to a slow start in the first week.

Data released on Friday showed a significant drop in returns and refunds.

According to the Internal Revenue Service, the total number of returns received in the week ending Feb. 1 was down 12.4 percent from the week that ended on Feb. 2, 2018.

Only 13.31 million returns were processed, down 25.8 percent from the year before.

The average refund of $1,865 was 8.4 percent smaller than the average refund in the period last year.

http://feeds.reuters.com/~r/Reuters/domesticNews/~3/aeoI71wLBqA/first-u-...

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