Over 2,200 get tax refunds
<span style="font-family: Arial, sans-serif; font-size: 12.222222328186px; line-height: 13.7999992370605px;">More than 2,200 people should be receiving a tax refund this weekend. According to Department of Revenue & Taxation director John Camacho, $8 million in tax refunds were processed today and will be placed in the mail on Friday.</span>
May 29, 2014Updated: May 29, 2014
By KUAM News
By KUAM Newsby Ken Quintanilla
Guam - More than 2,200 people should be receiving a tax refund this weekend. According to Department of Revenue & Taxation director John Camacho, $8 million in tax refunds were processed today and will be placed in the mail on Friday. The refunds cover a portion of error free tax refunds filed up to February 10th. Camacho explains why there have been some delays.
"That's why in January, the latter part and even the entire February, you're looking at an average of $4 million to $5 million a day and that's because people are filing early in other words, July is going to be quicker way of getting the refunds out because there's less filers," he said.
Camacho says the goal is to payout refunds more frequently on a weekly or bi-weekly basis as cash becomes available.
Guam - More than 2,200 people should be receiving a tax refund this weekend. According to Department of Revenue & Taxation director John Camacho, $8 million in tax refunds were processed today and will be placed in the mail on Friday. The refunds cover a portion of error free tax refunds filed up to February 10th. Camacho explains why there have been some delays.
"That's why in January, the latter part and even the entire February, you're looking at an average of $4 million to $5 million a day and that's because people are filing early in other words, July is going to be quicker way of getting the refunds out because there's less filers," he said.
Camacho says the goal is to payout refunds more frequently on a weekly or bi-weekly basis as cash becomes available.