IRS announces record-breaking 2008 e-file statistics

Individual taxpayers e-filed almost 90 million tax returns during 2008, an increase of more than 12 percent over the prior year. Of the 155 million tax returns filed, about 58 percent were filed electronically.

"More people with home computers and businesses embraced electronic filing this year," said IRS Commissioner Doug Shulman. "Every year, more people realize that electronic filing is the safe, accurate way for taxpayers to complete their taxes and get faster refunds."

Tax Returns Filed by Individuals

While the total number of returns has increased by 23 percent during the past decade, the number filed electronically has increased by 206 percent.

This year, almost 27 million returns were filed by individuals from their home computers, up from 22.6 million last year ¯ a 19 percent increase. Filings from home computers accounted for 30 percent of all returns e-filed by individuals. Even though individual tax filings were spurred to unprecedented levels by the economic stimulus payments, the percentage of those e-filed increased to 58 percent.

Free File

During 2008, taxpayers with an adjusted gross income of $54,000 or less, or about 70 percent of individual taxpayers, had the option of choosing to e-file for free through IRS Free File, a partnership between the IRS and some software manufacturers. Almost 4.8 million tax returns were filed through Free File, an increase of 24 percent over last year's total of almost 3.9 million returns.

Refunds: Direct Deposit and IRS.gov Set Records

More taxpayers chose to receive their refunds through direct deposit during 2008. The agency made 66 million direct deposit payments in 2008, up 8 percent from 61 million payments at the same time in 2007.

Overall, the IRS issued 107 million tax refund payments in 2008, up almost 2 percent from 105 million refund payments for the same time in 2007. As of Oct. 31, the average refund for 2008 was $2,371, up 4 percent from $2,280 at the same time in 2007.

IRS.gov

Popularity of the IRS Internet site, IRS.gov, continues to increase. As of October 18, IRS.gov had been visited 326,522,488 times.

Tax Returns e-Filed by Businesses

Businesses also broke e-file records during 2008 by filing almost 2 million corporate and partnership income tax returns, an increase of more than 50 percent over the prior year. Partnership e-filings saw the steepest increase. Large partnerships, those with more than 100 partners, e-filed more than 27,000 returns during 2008, up 156 percent compared to the prior year's total.

Corporations and partnerships e-filed 1,944,421 tax returns during 2008, up 50 percent from last year's total of 1,294,475. The total number for e-filed returns that were not filed by individuals was 3,365,757, up 65 percent from last year's total of 2,172,753. This number includes forms e-filed by exempt organizations.

You may like these other stories...

Federal judge tosses IRS lawsuitsBernie Becker of The Hill reported that a federal judge sided with the IRS on Thursday, tossing out two lawsuits filed against the tax agency over its improper scrutiny of Tea Party groups...
Amidst the dark clouds hovering over the IRS this year—ranging from the lingering Tea Party scandal to other improprieties to damaging budget cuts—at least there's a ray of sunshine in a new report from the...
SEC, Big Four Chinese affiliates make progress in talks over audit documentsMichael Rapoport of the Wall Street Journal reported that the US Securities and Exchange Commission (SEC) and the Chinese affiliates of the Big Four...

Already a member? log in here.

Upcoming CPE Webinars

Oct 30Many Excel users have a love-hate relationship with workbook links.
Nov 5Join CPA thought leader and peer reviewer Rob Cameron and learn ways to improve the outcome of your peer reviews while maximizing the value of your engagement workflow.
Nov 12This webcast presents basic principles of revenue recognition, including new ASU 2014-09 for the contract method. Also, CPAs in industries who want a refresher on revenue accounting standards will benefit.
Nov 18In this session Excel expert David Ringstrom, CPA tackles what to do when bad things happen to good spreadsheets.