According to the IRS, the 2015 tax filing season is off to a strong start with most taxpayers filing their returns electronically and choosing direct deposit for their refunds.
As of Jan. 31, the IRS 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. “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.
Filing a complete and accurate return is more crucial than ever to prevent refund delays or discrepancies.
The IRS has issued 7.6 million refunds worth $26.8 billion; the average refund is worth $3,539. More than 96 percent of all refunds have been paid through direct deposit. All total, 7.3 million refunds worth $26.2 billion have been directly deposited to taxpayer accounts.