Estimated reading time: 1 minute, 22 seconds

DIY Returns Nearly Even with 2020

Self-prepared returns continued to pull closer to the totals filed in last year’s tax season. The 38,164,000 DIY efiles received in the 36 days through March 19 were only 1.3 percent behind 38,685,000 efiled in the 54 filing days through March 20, 2020.

If the rate of improvement continues, self-prepared returns should pull ahead of the comparable period in 2020 when the Internal Revenue Service issues its weekly filing statistics for the period through March 26.

The total number of returns received by the IRS reached 76,097,000 for the most recently reported period, off 9.6 period from 84,222,000 in the comparable period of 2020.

The 72,730,000 total efiles received for the season reported to date were down 8.7 percent from 84,222,000. Efiles from tax professionals were behind last year by 15.7 percent, 34,566,000 this year versus 41,003,000 a year earlier.

Total refunds issued remain well behind the 2020 pace. There were 49,722,000 made as of the most recent report, off 23.6 percent from 65,097,000 a year earlier.

Bob Scott
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
Read 311 times
Rate this item
(0 votes)

TPA

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.