* Nearly 45,800,000 taxpayers had e-filed. The old record was 40,200,000 for all of 2001.
* Taxpayers filed more than 9,100,000 returns from their home computers. This is a 34% increase over the total for all of 2001.
* The IRS has processed over 77,000,000 refunds worth $150,000,000,000. That's a record average of $1,937.
* About 36,500,000 taxpayers used direct deposit for their Tax Refund. Only 34% used it in all of 2001.You can calculate your refund with Tax Refund Estimator.
E-filling is so attractive for the IRS that it has suggested two proposals to boost numbers next year and beyond. The first is an extra 15 days--until Apr. 30--to e-file and pay. Thanks for nothing. Supposedly, the biggest attraction for e-filing is its speed. I'm in no rash to pay. If I owe, I'd rather file on Apr. 15, with proof of filing, and hope that, between the efficiency of the U.S. Postal Service and the competence of the Internal Revenue Service, my envelope gets opened in about three years. If I had a refund coming, I'd have e-filed in February!
Labels: Benefits of Tax Filling Online
