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Tax Season Ends with Rush

Tax formReturns poured in for the last few days of tax season, which ended on April 18. That may be all it is safe to say is comparing results with last year, whose filing deadline was extended to May 17, provides no obvious pattern.

There were 138,942,000 returns filed through April 22, an increase of 19.2 percent from 116,139,000 for the period through April 23, 2023. This year’s total  was more than 6 million returns higher than the 122,543,000 received through April.

There were 133,410,000 efiles as of the latest report, up 22 percent from 109,381,000 in last year’s corresponding period.

Paid preparers submitted 70,509,000 efiles for the season as reported, an increase of 20.5 percent from 58,506,000 a year ago. More than 11 million self-prepared efiles poured in during the last week with 62,900,000 received through April 22, rising 23.6 percent from 50,875,000  a year ago.

The IRS issued 88,667,000 in refunds through April 22, an increase of 14.6 percent from 77,652,000 a year ago. The average return rose 4.9 percent to $3,012 from $2,870.

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