The IRS released a post today talking about the growing prevalence of tax payers filing their taxes electronically this year, as well as electing to receive their refund through direct deposit. This has been on the rise for a few years now but we are seeing a dramatic leap already this filing season.
As of the end of January, more than 14 million tax returns have already been filed with the Internal Revenue Service this year. The astonishing part is that over 13 million of those returns have been filed electronically. This is a big sign that the benefits of the e-filing system for taxpayers are outweighing their distrust of electronic filing. Nowadays doing business online is becoming more and more conventional so it only makes sense that taxpayers welcome an online option for their taxes.
E-filing provides many benefits to taxpayers. According to IRS Commissioner John Koskinen “We encourage taxpayers to e-file their returns since it is the quickest, safest and most accurate way to file and the fastest way to get a refund,”
According to their report, the IRS.gov has been accessed more than 65 million times this year. This is a massive increase from the same time last year as this number is up nearly 49 percent.
2015 Tax Season by the numbers:
Number of refunds issued- 7.6 million
Amount in refunds given- $26.8 billion
Average refund- $3,539
% paid through direct deposit- 96%
If you are an independent preparer looking to receive all the latest information on the 2015 tax season, check out our Annual Tax Refresher Course. The Annual Tax Refresher course is based directly off a curriculum handed down by the IRS. This assures that all courses have the appropriate material to keep all tax preparers current and up-to-date. For more information on the ATRC go to: http://www.irs.gov/Tax-Professionals/Annual-Filing-Season-Program.