Treasury Department says fewer refunds better for U.S. taxpayers

THE NUMBER of tax refunds issued so far this year fell nearly 16 percent year over year to 11.4 million. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
THE NUMBER of tax refunds issued by the IRS so far this year has fallen nearly 16 percent year over year to 11.4 million. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER
NEW YORK - The U.S. Treasury Department is defending the declining numbers of tax refunds being issued so far this year, saying that taxpayers already saw the benefits of the new tax law in their paychecks. The number of tax refunds issued so far fell nearly 16 percent to 11.4 million, compared with 13.5 million at…

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