Tuesday, May 21, 2013

Number of Tax Returns Filed With the IRS in 2013

The IRS stats are in for the filing season for 2012; prepared and filed in 2013.  The IRS received over 134 million tax returns. You will notice that more and more people are preparing their own taxes and e-filing from home. While this is great news for some taxpayers, its not so great for taxpayers who have a Schedule C, Schedule D, or Schedule E included in their tax return. 
 
The Schedule C, D and E can cause a drastic increase or decrease in a taxpayer's tax return, and should only be completed by a taxpayer IF they know exactly what they are doing. 
 
Because more and more Americans are filing their own tax returns, I published a new e-Book, The Hidden Tax Benefits in Schedule A, taxpayers can learn more about how to manage a Schedule A to your advantage.  See IRS stats below for the exact numbers on tax filings in 2013
 
More taxpayers e-file from home in 2013
 
WASHINGTON — The Internal Revenue Service today provided updated statistics showing continued growth in electronic filing of tax returns. So far in 2013, more than 43 million people have self-prepared and e-filed their tax returns from home, an increase of more than 4 percent compared to the prior year.

Through May 10, the IRS received more than 43.6 million self-prepared e-file returns, up from 41.7 million a year earlier. E-filed returns from tax professionals increased slightly, reaching almost 70.4 million. In all, almost 114 million tax returns came in through e-file this year, up from 112.1 million at this point last year.

Other highlights from the new filing season statistics show:

• During 2013, the IRS issued more than 101 million refunds worth almost $268 billion.
• Almost 80 percent of refunds used direct deposit.
• More people are using IRS.gov to get answers, file their returns and resolve issues. So far in 2013, the IRS web site has been accessed more than 300 million times, up almost 25 percent compared to the same time last year.
 
 
2013 FILING SEASON STATISTICS
Cumulative statistics comparing 5/11/12 and 5/10/13
Individual Income Tax Returns:
2012
2013
% Change
Total Receipts
135,473,000
134,349,000
-0.8
Total Processed
130,261,000
129,674,000
-0.5
E-filing Receipts:
TOTAL
112,089,000
113,954,000
1.7
Tax Professionals
70,344,000
70,380,000
0.1
Self-prepared
41,745,000
43,574,000
4.4
Web Usage:
Visits to IRS.gov
255,269,615
318,408,842
24.7
Total Refunds:
Number
102,522,000
101,082,000
-1.4
Amount
$277.180
Billion
$267.946
Billion
-3.3
Average refund
$2,704
$2,651
-2.0
Direct Deposit Refunds:
Number
79,308,000
79,880,000
0.7
Amount
$231.656
Billion
$228.467
Billion
-1.4
Average refund
$2,921
$2,860
-2.1
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