Friday, February 14, 2014

2014 Tax Filing Stats as of 2/14/14



The IRS today announced that tax filings in 2014 have outpaced filings for the same time last year. As of Feb. 7, the IRS received 27.3 million returns, up 2.5 percent compared to the same time last year. Electronically filed returns account for almost 96 percent of those filed so far this year.

Taxpayers, either through tax preparers or from their home computers, have e-filed more than 26 million returns so far this year, up almost 4 percent compared to the same time last year. As of Feb. 7, taxpayers have filed more than 13 million returns from home computers, an increase of 14.7 percent compared to the same period last year.

Refunds are up for 2014, with almost 19.5 million issued this year, an increase of more than 18 percent compared to the same time last year. The average refund as of Feb. 7 is $3,317, up 4.6 percent compared to the same time last year. (Refund averages generally have higher dollar values early in the filing season than later in the year.)

Most refunds are directly deposited into taxpayer accounts; just over 87 percent of all refunds issued were directly deposited as of Feb. 7. 2014.

2014 FILING SEASON STATISTICS
Cumulative statistics comparing 2/8/13 and 2/7/14
Individual Income Tax Returns:
2013
2014
% Change
Total Receipts
26,589,000
27,249,000
2.5
Total Processed
18,811,000
26,945,000
43.2




E-filing Receipts:



TOTAL          
25,121,000
26,081,000
3.8
Tax Professionals
13,456,000
12,699,000
-5.6
Self-prepared
11,665,000
13,382,000
14.7




Web Usage:



Visits to IRS.gov
90,706,865
89,683,640
-1.1




Total Refunds:



Number
16,424,000
19,459,000
18.5
Amount
$52.059 billion

$64.546 billion

24
Average refund
$3,170
$3,317
4.6




Direct Deposit Refunds:



Number
15,457,000
16,976,000
9.8
Amount
$50.214 billion

$55.815 billion

11.2
Average refund
$3,249
$3,288
1.2

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