Tax Refunds Reach Almost $125 Billion Mark; IRS.gov Available for Tax Help

Tax Refunds Reach Almost $125 Billion Mark; IRS.gov Available for Tax Help.

Almost 40 million tax refunds worth nearly $125 billion have been issued as of Feb. 20, according to Internal Revenue Service statistics released today. The average refund is $3,120.

The IRS has processed nearly 50 million returns, about one-third of the total individual federal income tax returns the agency expects to receive this year, with almost 83 percent of those returns resulting in refunds. More than 92 percent of refunds have been directly deposited into taxpayer accounts. The IRS recommends direct deposit as a safe, quick way for taxpayers to get their refunds.

The IRS also recommends taxpayers who have yet to file explore the numerous online tools and resources available on IRS.gov, which taxpayers visited almost 160 million times so far this year.

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2015 FILING SEASON STATISTICS

Cumulative statistics comparing 2/21/14 and 2/20/15

Individual Income Tax Returns:

2014

2015

% change

Total Receipts

49,558,000

49,651,000

0.2

Total Processed

48,335,000

48,295,000

-0.1

E-filing Receipts:

TOTAL

46,641,000

47,157,000

1.1

Tax Professionals

24,687,000

23,725,000

-3.9

Self-prepared

21,954,000

23,432,000

6.7

Web Usage:

Visits to IRS.gov

143,672,874

158,287,233

10.17%

Total Refunds:

Number

40,389,000

39,964,000

-1.1

Amount

$125.831

billion

124.670

Billion

-0.9

Average refund

$3,116

$3,120

0.1

Direct Deposit Refunds:

Number

35,694,000

36,817,000

3.1

Amount

$112.628

billion

$118.496

Billion

5.2

Average refund

$3,155

$3,218

2.0

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One comment

  1. bilunov77 · March 10, 2015

    Reblogged this on Dirigeant.societe.com.

    Like

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