If you're wondering what would be a solid investment, take a look at these figures from the IRS on the use of consumer tax software!
More than 122 million Returns e-Filed in 2013
This year, the IRS received more than 45.2 million returns from those who prepared and e-filed their own returns on home computers, up from 43.2 million a year earlier, an increase of 4.6 percent. E-filed returns from tax professionals increased slightly, totaling more than 77 million returns.
Whether they are self prepared or prepared by a tax return preparer, 91 percent of all tax returns filed by individuals are prepared on computers using tax preparation software, which improves the accuracy of those returns.
Other highlights from the new filing season statistics show:
- During 2013, the IRS issued more than 109 million refunds worth almost $300 billion.
- Almost 77 percent of refund recipients chose to receive their refunds through 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 430 million times, up almost 24 percent compared to the same time last year.
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2013 FILING SEASON STATISTICS
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Cumulative statistics comparing 11/23/12 and 11/22/13
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Individual Income Tax Returns: |
2012
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2013
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% Change
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Total Receipts |
147,874,000
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147,744,000
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-0.1
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Total Processed |
147,284,000
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147,223,000
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-0.04
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E-filing Receipts: |
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TOTAL |
119,560,000
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122,515,000
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2.5
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Tax Professionals |
76,322,000
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77,268,000
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1.2
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Self-prepared |
43,238,000
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45,247,000
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4.6
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Web Usage: |
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Visits to IRS.gov |
353,974,215
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438,066,180
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23.8
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Total Refunds: |
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Number |
110,224,000
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109,261,000
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-0.9
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Amount |
$307.983
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Billion |
$299.863
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Billion |
-2.6
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Average refund |
$2,794
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$2,744
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-1.8
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Direct Deposit Refunds: |
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Number |
82,735,000
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83,728,000
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1.2
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Amount |
$246.657
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Billion |
$244.929
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Billion |
-0.7
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Average refund |
$2,981
|
$2,925
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