IRS reports two out of three individuals using e-file

The IRS is reporting that individuals e-filed a record 95 million federal income tax returns during 2009, up almost 6 percent from last year’s total of nearly 90 million. About two out of three taxpayers e-filed this year; out of the 141 million returns filed so far this year, over 67 percent were e-filed, compared to 59 percent last year.

Each year, more taxpayers chose to e-file their tax returns. While the total number of tax returns has increased 10 percent during the past decade, the number filed electronically has increased by 168 percent. Taxpayers who e-file from a home computer continue to be an increasingly significant segment of those who e-file.

 

Year

  Filed

Total

Returns

e-Filed

  Returns

Percent

e-filed

2000

128,430,000

35,412,000

27.57%

2001

130,965,000

40,244,000

30.73%

2002

131,728,000

46,892,000

35.60%

2003

131,557,000

52,944,000

40.24%

2004

132,200,000

61,507,000

46.53%

2005

133,933,000

68,476,000

51.13%

2006

136,071,000

73,255,000

53.84%

2007

140,188,000

79,979,000

57.05%

2008

153,650,000

89,853,000

58.48%

2009

141,376,000

94,980,000

67.18%

 

Home Computer e-Filers

This year, for the first time, more than a third of e-filers are those doing it themselves from a home computer More than 32 million returns were e-filed from home computers, up almost 20 percent from last year’s record of 27 million. People filing from their home computers account for about 34 percent of all e-filed returns from individuals.

Direct Deposit Refunds

Almost 73 million refunds were electronically deposited into taxpayer’s accounts, saving the government mailing costs and saving taxpayers a trip to the bank. More importantly, these taxpayers received their refunds a week sooner than those receiving a paper check.

These direct deposit refunds accounted for 66 percent of all refunds, up from 62 percent of refunds last year. Overall, the IRS issued 110 million refunds, averaging $2,753 per refund; direct deposit refunds averaged $2,997 per refund.

Free File
 
More than 3 million taxpayers filed their tax returns for free through the IRS free file program. This year for the first time, taxpayers could also file directly to the IRS by completing a Form 1040 on IRS.gov; 273,000 taxpayers used this new way to file.

 

 

2009 FILING SEASON STATISTICS

 

Cumulative through the weeks ending 10/17/08 and 10/16/09

 

Individual Income Tax Returns

2008

2009

% Change

Total Receipts

153,650,000

141,376,000

-8.0%

Total Processed

152,759,000

140,718,000

-7.9%

 

 

 

 

E-filing Receipts:

 

 

 

TOTAL

89,853,000

94,980,000

5.7%

Tax Professionals

62,932,000

62,786,000

-0.23%

Self-prepared

26,921,000

32,193,000

19.6%

 

 

 

 

Web Usage:

 

 

 

Visits to IRS.gov

323,463,010

266,631,821

-17.57%

 

 

 

 

Total Refunds:

 

 

 

Number

106,200,000

110,071,000

3.6%

Amount

$251.827

Billion

$303.069

Billion

20.3%

Average refund

$2,371

$2,753

16.1%

 

 

 

 

Direct Deposit Refunds:

 

 

 

Number

66,240,000

72,717,000

9.8%

Amount

$179.708

Billion

$217.915

Billion

21.3%

Average refund

$2,713

$2,997

10.5%

You may like these other stories...

School tax breaks get House support as Democrats objectRichard Rubin of Bloomberg reported that the House of Representatives on Thursday voted to expand and simplify tax breaks for education as Republicans continue to pass...
Many senior US tax professionals believe that a streamlined audit process will be the top benefit resulting from the IRS Transfer Pricing Audit Roadmap, a new toolkit organized around a notional 24-month audit timeline,...
Tax accounting to be simplified for money-market fundsThe US Securities and Exchange Commission (SEC) voted 3-2 on Wednesday for sweeping changes to institutional money-market funds, Emily Chasan, senior editor of...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.