Friday, November 09, 2007

IRS Announces Record High E-filers

According to an IRS new release, in 2007 57.4% of taxpayers filed their tax returns through e-file. This number was up about 9 percent from the 73 million returns filed for the same period last year. Overall in 2007, 139.3 million returns were filed – 79.98 million of which were filed electronically. "It was another record-breaking year for e-file," said IRS Acting Commissioner Linda E. Stiff. "Paper returns continue to drop year after year. E-file is the safe, accurate way for more and more taxpayers to quickly complete their taxes and get a refund faster." Additionally, more people this year chose to have their tax refunds directly deposited than ever before. So far this year the IRS has directly deposited 61.4 million refunds, up 8 percent from last year.

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