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IRS Processing, Issuing Fewer Tax Refunds

PHILADELPHIA (CBS) -- We are less than a week away from the April 15 tax deadline and we're learning more about this year's tax filing and refunds. The Internal Revenue Service says it has disbursed more than $206 billion in refunds through March 29.

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That's down nearly 3% from the same period last year.

The IRS has also processed and issued fewer refunds as well.

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Tax preparers say this is all expected after the Republican's 2017 tax law was put in place.

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