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  • Writer's pictureThe San Juan Daily Star

Gov’t has authorized $1.3 billion in tax refunds

Acting Treasury Secretary Nelson Pérez Méndez

By The Star Staff

Gov. Pedro Pierluisi Urrutia and Acting Treasury Secretary Nelson Pérez Méndez announced Monday the approval of over $1.3 billion in refunds since the current tax cycle began.

The governor also said more than 500,000 families have claimed the Work Credit.

“To date, the Treasury Department has approved $1.3 billion in refunds corresponding to 679,938 returns,” Pierluisi said. “These historical numbers exceed the refunds sent last year on this same date. According to our commitment, we are working as quickly as possible so that taxpayers receive their money in record time, with only 15 days until the filing period ends on April 15.”

The governor highlighted that reimbursement lists have been approved regularly since the beginning of the tax cycle. Some 893,994 income tax returns have been filed, representing 79,750 more returns than those filed last year by the same date. The Treasury estimates it will receive a million returns corresponding to the 2023 tax year.

The acting Treasury chief noted meanwhile that as of March 20, some 507,893 taxpayers had claimed the Work Credit.

Pérez Méndez urged salaried citizens and pensioners who need assistance in preparing their returns to use the services of the Electronic Return Preparation and Filing Centers “operating in the municipalities of Caguas, Carolina, Mayagüez, Ponce and San Juan, with appointments coordinated through”

“There we are also collaborating with the federal Internal Revenue Service (IRS), with the Voluntary Taxpayer Assistance Program (VITA), with the application for the Additional Child Credit or CTC, which is with the Form 1040-SS,” the official said.

He recommended checking on the Treasury Department’s website, Returns 2023 Section, for the documents that must be presented at the centers, in addition to the bank information for direct deposit.

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