The Puerto Rico Treasury Department will disburse an additional $50 million to benefit employers affected by Hurricanes Irma and María.
The Puerto Rico Treasury Department announced Wednesday it has cut $147.2 million in tax refunds corresponding to 247,744 tax returns during the current tax cycle, representing $80 million more than what was disbursed at this time last year.
The Puerto Rico Treasury Department is kicking this year’s tax season into high gear this week, when it will begin cutting tax refund checks and will open eight tax return orientation and preparation centers today, agency officials said.
Puerto Rico Treasury Department officials confirmed Wednesday that the agency is still reviewing 7 percent of all tax returns claiming a refund.
The Treasury Department is keeping up the pace in processing this year’s tax returns, reimbursing more than $28.7 million to 31,494 taxpayers who have filed their planillas well ahead of this year’s April 17th deadline, agency Secretary Jesús Méndez said.
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