* total includes returns filed to obtain economic impact payments by those who would not usually file income tax returns.
why not? submissions are way down.
busy season barometer
how’s covid-19 impacting your firm?
join the survey. sound off. get answers.
by beth bellor
coronavirus hit irs data in a couple of ways this week.
people who don’t ordinarily file income tax returns, but did so to obtain economic impact payments, boosted filings higher than they might have been for the week ending april 17, the latest data. in addition, visits to irs.gov shot up 77 percent over 2019 – the get my payment link surely was part of that picture.
more: 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 | tax pro e-filings lag by 512,000 returns | tax pros kick into high gear | slow start for tax pro e-filing | data points down as tax season opens | the fight for new tax clients
exclusively for pro members. log in here or 2022世界杯足球排名 today.
the internal revenue service reported receiving 116 million individual income tax returns, down 15.5 percent. it had processed 106.6 million returns, up 18.5 percent.
the agency’s processing rate stood at 92 percent, down a few percentage points.
e-filing receipts
electronic filings totaled 106 million, down 16.1 percent, not surprising given that taxpayers have until july 15 to file and pay this year. tax professionals handled 53.7 million e-filings, down 23.9 percent, and do-it-yourselfers filed 52.3 million, down 6.2 percent.
the pros barely kept their edge in market share at 50.6 percent.
website visits
visits to irs.gov numbered 744.7 million, up 76.7 percent.
refunds
tax refunds numbered 81.4 million, down 15 percent, in the total amount of $229.3 billion, down 12.1 percent. the average refund of $2,818 was up 3.4 percent.
direct deposit refunds numbered 68 million, down 18.3 percent, in the total amount of $201.6 billion, down 15.4 percent. the average direct deposit refund of $2,964 was up 3.5 percent.
direct deposit is preferred for 83.6 percent of refunds.