$10M in tax refunds being mailed next week - KUAM.com-KUAM News: On Air. Online. On Demand.

$10M in tax refunds being mailed next week

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by Ken Quintanilla

Guam - The Governor's Office has announced that $10 million in tax refunds will be paid out next week.

Four million of that will be paid for prior year tax refunds that just turned Status "A" whereas $6 million will be paid for 2013 tax refunds that were filed just this month.

"Normally, employers are supposed to give out their W2's to employees by January 31st which is tomorrow and a lot of them are getting it early and filing it early so as of Tuesday of this week, there's roughly 3,100 tax payers that filed and majority of these returns are refunds," said Rev & Tax director John Camacho.

He said the $6 million won't cover everyone who filed this month but will have a more details of the filing date cut-off after most of the returns are processed. He adds on average most of the early filers refunds could average between $3,000 to $5,000. The checks meanwhile are expected to be mailed out by next Thursday.

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