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Treasury: More Than $1.9 Billion in State Income Tax Refunds Issued for 2018 Tax Year

Michigan Business Network
July 5, 2019 4:00 PM

Michigan Department of Treasury seal

Average Taxpayer Refund was $571

LANSING, Mich. – More than 3.3 million state income tax refunds were processed for the 2018 tax year that provided taxpayers with over $1.9 billion, according to the Michigan Department of Treasury.

As of mid-June, the average taxpayer refund was $571, up from last year’s $552 average. To date, more than 4.8 million returns have been processed by the state Treasury Department, with 91% reviewed and finalized within two weeks of receipt.

The remaining 9% required additional review and were processed within two to six weeks.

Michigan State Treasurer Rachael Eubanks“Refunds are important to Michigan taxpayers,” State Treasurer Rachael Eubanks said. “Our team worked diligently during peak filing times to ensure refunds were issued promptly and calls for assistance were answered. I am proud of our team and look forward to continuing to identify ways to serve taxpayers better for next year.”

A decrease in filed tax returns over the past five years is due to the state Treasury Department processing returns in the year they are received. Few tax returns are being carried over into the following year.

Taxpayer calls to the Individual Income Tax Information Line were answered within 2 minutes 15 seconds, down from 5 minutes 6 seconds in 2015.

The state Treasury Department estimates more than 500,000 taxpayers—10%—have still not filed state income tax returns for the 2018 tax year. Taxpayers have four years to file a return and claim an outstanding refund.

Those who have not filed and owe taxes should file immediately to avoid further penalties and interest. The state Treasury Department can work with individuals to design a payment plan if needed.

To learn more about Michigan’s Individual Income Tax, go to www.michigan.gov/incometax or follow the state Treasury Department on Twitter at @MITreasury.

 

State Income Tax Filing Season Statistics (2015-2019)

 

 

 

2015
through
6/17/2015

2016
through
6/14/2016

2017
through
6/13/2017

2018
through
6/19/2018

2019
through
6/17/2019

Total Returns Processed

4,912,270

5,034,190

4,970,161

4,806,543

4,821,268

Refunds Processed

3,475,384

3,483,982

3,602,358

3,291,994

3,383,584

Total Refund Amount (In Millions)

$1,584.50

$1,681.70

$1,738.50

$1,818.30

$1,931.70

Average Refund

$456

$483

$483

$552

$571

Returns E-filed

3,846,524

3,961,874

3,955,733

4,045,112

4,142,743

Direct Deposit

2,290,784

2,320,627

2,443,287

2,506,538

2,635,313

Michigan Business Network is an online broadcasting company that provides knowledge, news, and insights into Michigan’s businesses, industries, and economy.