but those filings remain down 17 percent.
by beth bellor
bright spots keep popping up in the internal revenue service’s weekly data on filings. yay!
more: tax pro e-filings down 20 percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns | tax pro irs filings lag by 532,000
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unfortunately, they’re in the same old spots: refunds (which don’t help overworked cpas), irs.gov traffic (maybe there’s where all the budget goes) and self-preparers (who even let them in?). boo!
for the week ending may 22, the latest information available, the irs received 134 million individual income tax returns, down 6.2 percent from the same period in 2019. it had processed 119.7 million returns, down 13.7 percent.
the irs is off its usual processing pace, down to 89.4 percent. perhaps the new july 15 deadline removed considerable urgency.
e-filing receipts
electronic filings totaled 119.5 million, down 7.1 percent. tax professionals handled 60.4 million of those, down a disturbing 16.6 percent, while diyers turned in 59.2 million, up 5 percent.
the pros held the slimmest edge, with 50.5 percent of e-filings.
website visits
visits to irs.gov numbered 1.2 billion, up a mind-numbing 155.2 percent. there is no breakdown to indicated how many of those had preparation questions and how many were tracking refunds or pandemic payouts.
refunds
tax refunds numbered 89.8 million, down 12.9 percent, in the total amount of $249 billion, down 11.5 percent. the average refund of $2,772 was up 1.6 percent.
direct deposit refunds numbered 74.8 million, down 14.9 percent, in the total amount of $218 billion, down 13.6 percent. the average direct deposit refund of $2,913 was up 1.5 percent.
direct deposit made up 83.3 percent of refunds.