More U.S. taxpayers e-file from home

More taxpayers are choosing to electronically file their income tax returns, says the IRS. So far in 2013, more than 43 million people have self-prepared and e-filed their tax returns from home, an increase of more than 4% compared to the prior year.

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Through May 10, the IRS received more than 43.6 million self-prepared e-file returns, up from 41.7 million a year earlier. E-filed returns from tax professionals increased slightly, reaching almost 70.4 million. In all, almost 114 million tax returns came in through e-file this year, up from 112.1 million at this point last year.

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Other highlights include:

• During 2013, the IRS issued more than 101 million refunds worth almost $268 billion.
• Almost 80% of refunds used direct deposit.
• More people are using IRS.gov to get answers, file their returns and resolve issues. So far in 2013, the IRS web site has been accessed more than 300 million times, up almost 25% compared to the same time last year.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.