IRS Sets New Tax Filing Season Records

The Internal Revenue Service announced that its recently completed tax season was a solid success, with new records being set in several key areas, including e-filing, home computer use, web usage and refunds.

The IRS saw significant jumps involving e-filing and its Web site. E-filing topped 51 million for the first time. Home computer e-filing surged nearly 27 percent with the help of the new Free File program. IRS.gov usage was up 25 percent, with more than 13.6 million requests going to the new "Where’s My Refund?" feature.

"By any measure, the IRS enjoyed a strong filing season," said acting IRS Commissioner Bob Wenzel. "More taxpayers took advantage of e-filing and IRS.gov. Returns were processed efficiently, and refunds went out timely. Our employees worked hard to deliver a terrific filing season."

Among this year’s filing season records:

  • Electronic filing. As of April 25, nearly 51.7 million taxpayers had e-filed, breaking 2002’s grand total of 46.9 million. With e-filing remaining available until October 15, the number of electronic returns will continue to grow.

  • Home computer e-filing. People filed nearly 11.7 million returns from their home computers, a 24 percent increase over the total for all of last year. More than 2.7 million of these used the Free File programs offered through the IRS Web site by a consortium of private sector firms.

  • Refunds. The IRS had processed more than 83 million refunds as of April 25, worth nearly $164 billion – a record average of $1,973.

  • Direct deposit. More than 41.6 million taxpayers have already used direct deposit for their refunds, surpassing the almost 40 million for all of 2002.

  • Electronic payments. There were nearly 887,000 e-payments, a rise of 40 percent over the same time last year. This includes about 180,000 more electronic funds withdrawals and nearly 75,000 more credit card charges.

  • Web activity. The IRS site remains one of the most used sites during the tax season, with 2.46 billion hits, a 25 percent increase from last year. The 89 million hits on April 15 set a new daily record for the site, surpassing last year’s deadline day total of 78 million. A new feature – Where’s My Refund? – gives taxpayers immediate feedback on the status of their refund. It continues to be available for those still awaiting their refunds.

  • Tax processing. Workers at IRS Centers had processed more than 95.6 million returns as of April 25, the earliest that this volume has been reached.

You may like these other stories...

IRS must take oath on Lerner emails: judgeMackenzie Weinger of Politico reported on Thursday that a federal judge ordered the IRS to explain under oath how it lost emails connected to Lois Lerner, the ex-IRS official at the...
The Republican-controlled House of Representatives passed a bill on Friday morning that would permanently extend the bonus depreciation tax break for businesses.The measure, HR 4718, which was crafted by Representative Pat...
The Republican-led House of Representatives is expected to pass a bill this week that would permanently extend the bonus depreciation tax break. But don’t expect President Obama to sign it.The Obama administration said...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.