The IRS reports that it processed 132,719,466 returns from last season through May 28.
The figures cover number of returns processed and AGI, tax liabilities and percentages of filers’ income composed of capital gains.
As of the end of May, the IRS had processed the largest number of returns for taxpayers with annual AGI of $50,000 to $70,000, $100,000 to $200,000, and $30,000 to $40,000.
The figures in the service’s
The May figures primarily constitute approximately 90% of all returns that will be processed by the IRS in the calendar year and reflect income earned in the year preceding the filing year and reported to the IRS by April 15, as well as some possible late-filed returns for prior tax years. Taxpayers who requested a six-month extension are excluded.
