Treasury Dept. surpasses $1 billion in refunds 24 days into the tax cycle.

By THE STAR STAFF

Treasury Secretary Ángel Pantoja Rodríguez announced Thursday the disbursement of $133,031,527 in a new round of refunds corresponding to 58,783 tax returns, bringing the total amount paid out in the current tax cycle to over $1.1 billion.

“With the new payroll approved, $1,100,318,009 has been disbursed to approximately 491,378 taxpayers,” Pantoja Rodríguez in a written statement. “This is a record number, but we remain focused on continuing the excellent work done by the Treasury Department team and efficiently processing the tax returns that continue to be filed.”

The official said the payments should appear in taxpayers’ bank accounts in the coming days.

To date, some 619,778 individual income tax returns have been filed, out of the 1.1 to 1.2 million that the agency expects to receive during the tax year.

Pantoja Rodríguez noted that after the filing period for withholding tax returns and informational statements, the Treasury Department will send taxpayers a summary detailing the income reported under their Social Security number for the 2025 tax year through the Unified Internal Revenue System platform.

He added that three Electronic Tax Return Preparation and Filing Centers began offering services Thursday, at Plaza Las Américas, Mayagüez Mall and Plaza del Caribe in Ponce.

He noted further that on Tuesday, March 10, service fairs will begin in several municipalities to assist salaried and retired taxpayers with preparing and filing their tax returns and claiming the Child Tax Credit on their federal tax return.