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| John, Is this a surprise with more states like Michigan mandating e-filing? -- Regards, Mark Rigotti << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| IR-2004-25, Feb. 27, 2004 EARLY RETURNS REFLECT MORE E-FILING WASHINGTON - The Internal Revenue Service said today that electronic filing has shown a sharp increase for this year's early filers. Through February 20, overall e-filing reached 29 million returns, an increase of more than 2 million, or 8 percent, over the same period last year. More than 6.6 million taxpayers have e-filed from their personal computers, a 23 percent increase "E-filing is off to another good start," said IRS Commissioner Mark W. Everson. "More and more taxpayers are discovering the benefits of e-file." E-filing is fast, safe and accurate. By choosing to have their refunds deposited directly to a bank account, e-filers can have the money in two weeks or less. The early refund statistics show that: - The IRS has certified 31.8 million refunds, an increase of 4.1 percent over the same time last year. - The refunds total $72.8 billion, up from $66.9 billion. - The average refund is up $97, to $2,292 - a 4.5 percent increase. - Three out of four taxpayers receiving refunds had them deposited directly to their bank accounts. Direct deposit - the fastest, safest and most convenient way to get a refund - is available to all filers. 2004 FILING SEASON STATISTICS Cumulative through the week ending 2/21/03 and 2/20/04 2003 2004 % Change Individual Income Tax Returns Total Receipts 39,078,000 40,110,000 2.6 Total Processed 32,936,000 34,328,000 4.2 E-filing Receipts: TOTAL 27,019,000 29,145,000 7.9 TeleFile (phone) 2,509,000 2,330,000 - 7.1 Computer 24,510,000 26,815,000 9.4 Tax Professionals 19,121,000 20,184,000 5.6 Self-prepared 5,389,000 6,631,000 23.0 Tax Year 2003 Refunds Certified: Number 30,507,000 31,753,000 4.1 Amount of principal $ 66.948 billion $ 72.792 billion 8.7 Average refund $2,195 $2,292 4.5 Direct Deposit Refunds: Number 22,470,000 24,195,000 7.7 Amount $ 55.816 billion $ 61.892 billion 10.9 Average $2,484 $2,558 3.0 "Jack" - John H. Fisher - TaxService[at]aol.com Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html Where Ignorance is bliss, 'tis folly to be wise!= ![]() << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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