* total refunds issued represents returns received and processed in 2024 – the current year only. the number of direct deposit refunds represents returns received in the current and prior year but processed in 2024.
how long before more figures flip positive … or might they not?
by beth bellor
the 2024 filing season has been seven days shorter than 2023’s, but that’s making less difference as individual income tax returns keep dropping into the internal revenue service inbox, just 3 percent off last year’s pace.
more: tax pros handle 37.7% of e-filings | tax pros file 33% of early returns
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the irs had received 44.6 million such returns as of feb. 23, the last week for which data has been released. it had processed 44.1 million returns, down 3.6 percent.
e-filings
electronic filings totaled 43.7 million, down 2.9 percent. tax professionals accounted for 19.3 million, down 4.7 percent, and self-preparers submitted 24.4 million, down 1.4 percent.
tax pros are handling 44.2 percent of e-filings, edging up from the previous week’s 41.5 percent.
website visits
traffic on irs.gov keeps thrumming, with 292.2 million visits up 13.7 percent.
refunds
total refunds numbered 29 million, down 17.6 percent, in the total amount of $93 billion, down 14.1 percent. the average refund of $3,213 was up 4.3 percent.
direct deposit refunds numbered 28.4 million, down 15 percent, in the total amount of $92.8 billion, down 12.3 percent. the average direct deposit refund of $3,272 was up 3.2 percent.