This time of year, it’s hard not to notice the assortment of home PC tax software packages available on the market. Many taxpayers swear by these products, due to the ease of use for the average person and the ability to e-file tax returns to the IRS.
Recent information from the IRS shows e-filing of federal tax returns from home computers is on the rise. In fact, as of March 6, 2009, the IRS has received more than 18 million returns filed from home computers. This number is up more than 20 percent over the same time last year.
So far, a total of 52 million tax returns have been e-filed, up 6 percent over the same period last year. About 91 percent of tax returns filed to date for tax year 2008 have resulted in a refund, although this seemingly large number is easily explained. At the beginning of tax season, the number of returns receiving a refund is higher because taxpayers anticipating a refund are more likely to file early. Those taxpayers expecting to owe the IRS usually put off filing until closer to or on the April 15th deadline.
Here are some other interesting statistics the IRS released with this report:
For the week ending March 7, 2008 compared to week ending March 6, 2009:
Visits to IRS.gov
Total # Refunds
As a reminder, if you meet the income requirements of the IRS and you do not want to purchase your own tax software, the IRS partners with several companies to offer free online tax preparation and e-filing. Visit IRS.gov for more information.