Free Site Registration


Tax Return Filings Are Down So Far This Season

Print
Email
Reprints
Washington, D.C. (March 23, 2010)

The Internal Revenue Service reported that the overall number of tax return filings has declined somewhat this tax season.

Doug Shulman

In statistics covering the period through March 12, the IRS noted that despite the decline in overall tax filing, the percentage of electronically filed returns remains strong. More than 82 percent of the 69 million returns received this year have come in via e-file. Home usage of e-file is up almost 7 percent compared to this time last year.

In addition, the average federal tax refund totaled $3,036, an increase of $266 compared with the same period a year ago.

Advertisement

The refund increase follows a number of federal tax incentives enacted last year as part of the American Recovery and Reinvestment Act, such as the first-time homebuyer credit and the American Opportunity Credit.

“There are several new credits and deductions this year, so we encourage taxpayers to see if they qualify when they fill out their tax return,” said IRS Commissioner Doug Shulman in a statement. “To get their refunds quicker, the IRS reminds taxpayers that the fastest, easiest way is to e-file and use direct deposit.”

The IRS and the White House have unveiled a new online tool that can help taxpayers identify the new tax credits in the Recovery Act for which they may qualify (see White House Unveils Online Tax Savings Tool).

0 Comments

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Accounting Today, please use the form below to login. When completed you will immeditely be directed to post a comment.

 

Advertisement
Advertisement

What's New at Grant Thornton

May 14, 2012

CEO Stephen Chipman talks about his firm's new brand focus on growth, and its recent M&A activity.

Advertisement

SLIDE SHOW

Top 10 Payroll Mistakes Companies Make

May 14, 2012

Keeping your clients from running afoul of IRS rules around payroll taxes will help them avoid stiff penalties.

10 Years of the Top 100 Firms

May 6, 2012

Tracking trends at the biggest firms in the U.S.

Best Accounting Firm Taglines

April 27, 2012

Our favorite slogans from around the profession.

Favorite Busy Season Activities

April 10, 2012

LinkedIn Accounting members share the best methods to bust stress and boost morale.

The Best Places to Be an Accountant 2012

March 27, 2012

From our 2012 Regional Leaders list, we rank the best parts of the country to operate an accounting firm.

More Wacky Tax Deductions

March 26, 2012

LinkedIn members point out some weird tax deductions their clients have suggested.

7 Tax-Free Benefits for Employees

April 15, 2012

Employee rewards Uncle Sam can't touch.

Advertisement
Advertisement
Advertisement