Tax Filing Season Statistics Announced

From January 1 to November 20, 2020, the IRS processed 162,472,000 individual tax returns, almost 5% more than the same period in 2019. Many individuals filed simple returns to qualify for an Economic Impact Payment. Of that total, 94% were e-filed.

The Department of the Treasury issued $317,692,000,000 in tax refunds during the first 10.5 months of 2020, with the average refund totaling $2,535. The IRS reported that IRS.gov was visited 1,619,588,000 times during the same period.

Schreiber Accounting and Advisory can help you get your maximum tax refund possible with comprehensive tax compliance and tax planning services. Contact the firm for more information.

Material discussed is for informational purposes only. It is not to be interpreted as investment, tax, or legal advice. Individual situations vary, and this information should only be relied upon when coordinated with individual professional advice. Not all taxpayers will receive a refund.