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Trivia – 4 Facts and Figures about Income Tax Returns

February 12, 2014
Written by: Fresh Start Tax

Facts and Figures of Tax Returns

1. The IRS expects to receive more than 148 million individual tax returns this year, and more than four out of five returns are now filed electronically.

2. About three out of four filers typically get refunds, and the IRS issues more than nine in ten of these refunds in less than 21 days.

3. Last year, taxpayers received an average refund of $2,744. E-file, when combined with direct deposit, is the fastest way to get a refund.

4. More than three out of four refund recipients now choose direct deposit.

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