taxes

IRS Sees Early Tax-Filing Volume Increase over Last Year

Taxes

The Internal Revenue Service reported Friday that tax season is off to a strong start this year, with the tax-filing volume running ahead of last year so far.

Most taxpayers are filing their returns electronically and choosing direct deposit for their refunds, according to the IRS. As of Jan. 31, the IRS said it has received more than 14 million tax returns this year. More than 13 million of those returns have been filed electronically, an indication that more taxpayers are realizing the benefits that e-filing offers.

“We encourage taxpayers to e-file their returns since it is the quickest, safest and most accurate way to file and the fastest way to get a refund,” said IRS Commissioner John Koskinen in a statement. “We also urge taxpayers to take advantage of the many online resources available through our web site.” IRS.gov has been accessed more than 65 million times this year, up 49 percent from the same time last year, according to the IRS.

Source: AccountingToday

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