Total returns and efiles up slightly, pro efiles up, self-prepared down, average refund down. Those trends have held in the last three weeks as shown by the tax season report from the Internal Revenue Service through March 3, compared to last season through March 4, 2022.
Total returns rose .5 to 54,948,000 for the season as reported to date, compared to 54,741,000 in last year’s corresponding period.
Total efiles of 53,598,000 through March 3 rose .7 percent from 53,216,000 a year ago. Professionals submitted 25,210,000 efiles, rising 4.2 percent from 24,201,000. The shift away from self-prepared returns continued as efiles in that category dropped 2.2 percent to 28,387,000 from 29,015,000.
The average refund dropped 11 percent to $3,028 from $3,401 while the total amount refunded.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind