IRS statistics continue to show increase in individual income tax refunds for the 2014 filing season compared to 2013

Today the IRS released statistics today regarding individual income tax returns filed so far during the 2014 filing season, an update from statistics released last week. The statistics reflect that 31,308,000 returns filed so far in 2014 showed refunds, up from 27,100,000 a year ago at the same point in the filing season. The average refund is also up from last year by almost $200.

Here are the 2014 filing season statistics comparing February 15, 2013, and February 14, 2014:

Individual Income Tax Returns:

2013

2014

% Change

Total Receipts

39,531,000

39,224,000

-0.8%

Total Processed

30,762,000

38,385,000

24.8%

E-filing Receipts:

Total

37,112,000

37,165,000

0.1%

Tax Professionals

20,028,000

18,953,000

-5.4%

Self-prepared

17,084,000

18,212,000

6.6%

Web Usage:

Visits to IRS.gov

123,945,553

122,140,734

-1.5%

Total Refunds:

Number

27,100,000

31,308,000

15.5%

Amount

$81.861

billion

$100.541

billion

22.8%

Average refund

$3,021

$3,211

6.3%

Direct Deposit Refunds:

Number

24,957,000

27,748,000

11.2%

Amount

$77.888

billion

$89.593

billion

15.0%

Average refund

$3,121

$3,229

3.5%

The IRS News Release can be found at this link.

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