IR-2014-20: IRS Continues Smooth Start to Filing Season

Internal Revenue Service (IRS) sent this bulletin at 02/27/2014 02:18 PM EST

IRS Newswire

February 27, 2014

Issue Number: IR-2014-20

Inside This Issue

IRS Continues Smooth Start to Filing Season

WASHINGTON — The IRS announced today that, three weeks into the filing season, it has received about one-third of the individual income tax returns that it expects to receive during 2014. The IRS has processed almost 98 percent of the 49.6 million returns received so far. Each week this filing season, the IRS has processed a greater percentage of the returns received than during comparable weeks last year.

More taxpayers are filing their returns electronically this year. Overall, 46.6 million returns have been e-filed this year, up one percent from the same time last year. As in prior years, the greatest increase is among individuals filing from their home computers. Almost 22 million returns have been e-filed from home computers this year, an increase of almost 7 percent compared to the same time last year.

The IRS has issued more than 40 million tax refunds this year, an increase of more than six percent compared to the same time last year. Almost 90 percent of these refunds were directly deposited into taxpayers’ accounts.

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2014 FILING SEASON STATISTICS
Cumulative statistics comparing 2/22/13 and 2/21/14
Individual Income Tax Returns:	2013		2014		% Change
Total Receipts	49,448,000		49,558,000		2.7
Total Processed	42,837,000		48,335,000		12.8

E-filing Receipts:
TOTAL	46,149,000		46,641,000		1.1
Tax Professionals	25,618,000		24,687,000		-3.6
Self-prepared	20,531,000		21,954,000		6.9

Web Usage:
Visits to IRS.gov	155,167,572		145,881,766		-6.0

Total Refunds:
Number	38,042,000		40,389,000		6.2
Amount	$113.738	Billion	$125.831	Billion	10.6
Average refund	$2,990		$3,116		4.2

Direct Deposit Refunds:
Number	34,618,000		35,694,000		3.1
Amount	$107.228	Billion	$112.628	Billion	5.0
Average refund	$3,097		$3,155		1.9

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IR-2014-20: IRS Continues Smooth Start to Filing Season

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Issue Number: IR-2014-20

Inside This Issue