USA IRS Sees Millions of Tax Returns Last Days of Tax Filing Season

By | April 26, 2017
Print Friendly, PDF & Email
(Last Updated On: April 26, 2017)

IRS Sees Millions of Tax Returns Last Days of Tax Filing Season

WASHINGTON — The Internal Revenue Service today announced that the agency has received 135.6 million returns this year following a late surge of filings last week.

During the week ending April 21, the IRS received more than 17 million tax returns. The vast majority, 13.6 million returns, were filed through IRS e-file.

Looking at the entire tax filing season, the IRS has received 135.6 million tax returns through April 21. With the influx of returns last week, the number of filings is now close to the number of returns from last year’s filing season.

With the mid-April filings, the number of refunds issued this year swelled to 97 million worth $268.3 billion. The average refund was $2,763, up slightly from last year’s average of $2,711.

Taxpayers have filed 11.6 million extension forms this filing season, up 0.9 percent compared to the same time last year. The vast majority of extensions were e-filed, 9.7 million, an increase of 11 percent from the same time last year.

An extension form filed by the deadline allows a taxpayer to hold off on filing the actual tax return for six months, although any tax due must have been paid by the April 18 deadline to avoid interest and penalties.

2017 FILING SEASON STATISTICS
Cumulative statistics comparing 04/22/2016 and 04/21/2017
Individual Income Tax Returns:20162017% Change
Total Returns Received136,528,000135,638,000-0.7
Total Returns Processed129,456,000128,789,000-0.5
    
E-filing Receipts:   
TOTAL122,546,000122,164,000-0.3
Tax Professionals70,864,00070,401,000-0.7
Self-prepared51,682,00051,763,0000.2
    
Web Usage:   
Visits to IRS.gov325,525,568312,255,666-4.1
    
Total Refunds:   
Number97,079,00097,104,0000.0
Amount$263.197Billion$268.296Billion1.9
Average refund$2,711$2,7631.9
 
Direct Deposit Refunds:   
Number81,221,00081,646,0000.5
Amount$234.269Billion$239.410Billion2.2
Average refund$2,884$2,9321.7
Direct Taxes Ready Reckoner
Service Tax Ready Reckoner
Company Law Ready Reckoner
tax deduction at source

Leave a Reply

Your email address will not be published. Required fields are marked *