Tax forms
Tax forms

<BR>

April 17 isn't too far away, and as tax preparers prepare to plunge into the home stretch, here's a review of how tax season has gone so far, with data from the IRS up to March 31.
AT-040718-Tax Season So Far - Total Returns

Tracking 2017

After a slight delay at the start of tax season, the total number of returns received each week in 2018 is keeping pace with 2017.
AT-040718-Tax Season So Far - Processed

A step behind

While the number of returns received is matching 2017, the number of returns processed by the IRS is slightly behind, due in part, no doubt, to legally mandated delays in processing certain refundable credits, and delays on extender-related benefits associated with the Bipartisan Budget Act that passed on Feb. 9.
AT-040718-Tax Season So Far - Received vs. processed

A normal gap

As usual, there's a gap between how many returns the IRS receives and how many it processes -- as of March 31, a relatively normal 93 percent had been processed, with the remainder held for math errors, security concerns, audits and other reasons.
AT-040718-Tax Season So Far - Total efiling

The overwhelming choice

Electronic filing is by far the most common way to file a tax return, accounting for 87 million returns, or roughly 93 percent of all submissions.
AT-040718-Tax Season So Far - DIY versus tax pros

700,000 new e-filings

Roughly a million more taxpayers e-filed their taxes themselves up to March 31, 2018 -- but the growth didn't come at much expense for e-filing by tax pros, which was off by less than 300,000 returns by the same point.
AT-040718-Tax Season So Far - DIY vs. Tax pro Pie chart

Tax pros still out front

Despite the growth in returns e-filed by individuals, professional tax preparers still account for the majority of e-filings.
AT-040718-Tax Season So Far - Total refunds

Off by less than a million

Despite congressionally mandated delays for refundable tax credits, the IRS is not far off the number of refunds it issued for the same period last year.
AT-040718-Tax Season So Far - Average refunds

The average refund

While refunds may be just a hair slower coming this year, they're averaging the same size as last year -- with those being delivered by direct deposit still worth roughly $100 more.
AT-040718-Tax Season So Far - IRS Web site visits

A trusted source

Tax preparers are reporting that clients have lots of questions this year -- so it's no surprise that visits to the IRS website are up significantly over last year, particularly since a recent poll showed that taxpayers ranked it the No. 1 most valuable source of tax information and advice, just slightly ahead of tax pros. (See "What taxpayers really think.")
MORE FROM ACCOUNTING TODAY