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2007 Tax Season Sets Records for E-file, Direct Deposit, IRS.gov

IR-2007-100, May 15, 2007

WASHINGTON — The recently completed 2007 tax filing season set a number of electronic records, highlighted by over 76 million electronically-filed individual tax returns and more than 140 million visits to IRS.gov, the Internal Revenue Service said today.

“E-file and our other electronic services helped us deliver a strong filing season for the nation’s taxpayers,” said IRS Acting Commissioner Kevin M. Brown. “Again this year, millions of additional taxpayers gave up paper tax returns to file electronically. E-file and IRS.gov were among several factors that helped us overcome one of the most challenging filing seasons ever for the IRS.”

This year’s tax season saw a surge in electronic filing among last-minute filers, a group that has traditionally sent in paper returns. During the week that included this year’s tax-filing deadline (April 14 to 20) alone, the number of electronically-filed returns received by the IRS jumped 35 percent over the same week last year, even though the overall number of returns (paper and electronic) received during the same week only rose 12 percent.

New records were also set for the number of returns e-filed by home computer users, the number of balance-due returns filed electronically and the number and amount of direct-deposit refunds. Among the highlights of new statistics released today:

  • The over 76.7 million e-filed returns accepted through May 4 topped the more than 73.2 million electronically-filed returns received for all of 2006. It’s also an 8.9 percent increase over last year at this time, with most of the increase coming in March and April. Based on current trends, the agency expects about 58 percent of all returns to be e-filed this year. Taxpayers who filed for extensions can use e-file until Oct. 15.
  • A record 22 million taxpayers e-filed from a home computer, up 11 percent over the same time last year and eclipsing 2006’s year-long total of 20.3 million.
  • This filing season visits to IRS.gov, the agency’s popular Web site, climbed almost 10 percent to more than 140 million.
  • The average refund this year is $2,255, a 2.5 percent increase over last year at this time. More than 59 million refunds, a new record, were deposited directly into savings, checking and brokerage accounts, representing more than 61 percent of all refunds issued. Those who choose direct deposit get their refunds at least a week sooner. Available year-round, direct deposit eliminates the chance of a lost, stolen or undeliverable refund. Taxpayers claiming refunds who have not yet filed may want to consider using direct deposit to get a head start on their 2007 IRA contribution.
  • Nearly $158 billion have been directly deposited so far this year, an 11 percent jump over last year at this time. This surpasses the 2006 year-end total of $149.2 billion.
  • The number of balance-due returns filed electronically surged 14.2 percent to a record 9.4 million. For all of last year, almost 8.9 million balance-due returns were filed electronically.

2007 FILING SEASON STATISTICS

Cumulative through the weeks ending 5/5/06 and 5/4/07

Individual Income Tax Returns

2006

2007

% Change

Total Receipts

124,383,000

127,959,000

2.9%

Total Processed

110,558,000

114,122,000

3.2%

 

 

 

 

E-filing Receipts:

 

 

 

TOTAL

70,501,000

76,771,000

8.9%

Tax Professionals

50,624,000

54,693,000

8.0%

Self-prepared

19,877,000

22,078,000

11.1%

 

 

 

 

Web Usage:

 

 

 

Visits to IRS.gov

127,580,000

140,159,000

9.9%

 

 

 

 

Total Refunds:

 

 

 

Number

92,612,000

96,266,000

3.9%

Amount

$203.685

Billion

$217.066

Billion

6.6%

Average refund

$2,199

$2,255

2.5%

 

 

 

 

Direct Deposit Refunds:

 

 

 

Number

54,848,000

59,217,000

8.0%

Amount

$142.028

Billion

$157.880

Billion

11.2%

Average refund

$2,590

$2,666

3.0%

 

2007 FILING SEASON STATISTICS

Cumulative through the weeks ending 4/21/06 and 4/20/07

Individual Income Tax Returns

2006

2007

% Change

Total Receipts

122,721,000

124,965,000

1.8%

Total Processed

102,148,000

105,159,000

2.9%

 

 

 

 

E-filing Receipts:

 

 

 

TOTAL

70,069,000

76,159,000

8.7%

Tax Professionals

50,329,000

54,324,000

7.9%

Self-prepared

19,740,000

21,835,000

10.6%

 

 

 

 

Web Usage:

 

 

 

Visits to IRS.gov

121,635,000

133,496,000

9.8%

 

 

 

 

Total Refunds:

 

 

 

Number

85,151,000

88,168,000

3.5%

Amount

$190.521

Billion

$203.021

Billion

6.6%

Average refund

$2,237

$2,303

2.9%

 

 

 

 

Direct Deposit Refunds:

 

 

 

Number

53,056,000

57,155,000

7.7%

Amount

$138.304

Billion

$153.486

Billion

11.0%

Average refund

$2,607

$2,685

3.0%

 

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Page Last Reviewed or Updated: 18-Aug-2012