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Early Returns Reflect More E-filing

IR-2004-25, Feb. 27, 2004

WASHINGTON — The Internal Revenue Service said today that electronic filing has shown a sharp increase for this year’s early filers.

Through February 20, overall e-filing reached 29 million returns, an increase of more than 2 million, or 8 percent, over the same period last year. More than 6.6 million taxpayers have e-filed from their personal computers, a 23 percent increase.

“E-filing is off to another good start,” said IRS Commissioner Mark W. Everson. “More and more taxpayers are discovering the benefits of e-file.”  

E-filing is fast, safe and accurate. By choosing to have their refunds deposited directly to a bank account, e-filers can have the money in two weeks or less.

The early refund statistics show that:

  • The IRS has certified 31.8 million refunds, an increase of 4.1 percent over the same time last year.
  • The refunds total $72.8 billion, up from $66.9 billion.
  • The average refund is up $97, to $2,292 — a 4.5 percent increase. 
  • Three out of four taxpayers receiving refunds had them deposited directly to their bank accounts. Direct deposit — the fastest, safest and most convenient way to get a refund — is available to all filers.

2004 Filing Season Statistics
Cumulative through the week ending 2/21/03 and 2/20/04

 

2003

2004 

Change

Individual Income Tax Returns

 

 

 

     Total Receipts

39,078,000

40,110,000

  2.6 %

     Total Processed

32,936,000

34,328,000

    4.2 %

E-filing Receipts:

 

 

 

     TOTAL

27,019,000

29,145,000

  7.9 %

     TeleFile (phone)

  2,509,000

  2,330,000

 - 7.1 %

     Computer

24,510,000

26,815,000

  9.4 %

     Tax Professionals

19,121,000

20,184,000

  5.6 %

     Self-prepared

  5,389,000

  6,631,000

  23.0 %

Tax Year 2003 Refunds Certified:

 

 

 

     Number

30,507,000

31,753,000

4.1 %

     Amount of Principal

$66.948 billion

$72.792 billion

8.7 %

     Average Refund

$2,195

$2,292

4.5 %

 Direct Deposit Refunds:

 

 

 

     Number

  22,470,000

  24,195,000

  7.7 %

     Amount

$55.816 billion

 $61.892 billion

 10.9 %

     Average

     $2,484

     $2,558

   3.0 %

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Page Last Reviewed or Updated: 18-Aug-2012