February 22, 1990
Number of Returns Up Almost Six Percent
WASHINGTON - More taxpayers are filing their federal income
returns earlier this year than last year, and the Internal Revenue
Service is processing them faster.
Tax filing statistics released by the IRS today show that the
number of returns filed by taxpayers is up almost 6 percent for the
week ending Feb. 16, 1990, and 4 percent overall for the filing
season so far. IRS processing of returns is up over 27 percent for
the week compared to the same week last year, and up over 22 percent
for the filing season.
The IRS also said that refunds are being issued at a faster
pace. As of Feb. 15, 1990, over 5 million refunds were issued, an
increase of over 22 percent from last year. The average refund is
$879, an increase of over 9 percent.
More taxpayers are filing their returns electronically this
year. So far, almost 2 million returns have been filed
electronically, an increase of over 280 percent compared to last
year. This is the first year that electronic filing is available
nationwide to filers who are due refunds. Filing electronically
reduces the time it takes to get a refund to as little as two weeks
if taxpayers choose to have their refund transferred electronically
to their bank accounts.
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