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IR-2014-23: 2014 Refunds Ahead of Last Year
IR-2014-23, March 6, 2014
WASHINGTON — By the end of February, more than 48 million tax refunds had been issued the IRS today announced – an increase of 5.6 percent compared to the same time last year. As of Feb. 28, the average refund this year is $3,034, up 3 percent compared to the average refund amount for the same time last year. Almost 88 percent of refunds to date have been directly deposited into the accounts of taxpayers, saving them time and a trip to the bank.
The number of returns filed electronically is up slightly from the same time last year however, the number of taxpayers filing from home computers is up 7.5 percent.
At the end of the fourth week of the filing season, the IRS had received almost 40 percent of the returns it expects to receive during 2014.
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2014 FILING SEASON STATISTICS |
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Cumulative statistics comparing 3/01/13 and 2/28/14 |
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| Individual Income Tax Returns: |
2013 |
2014 |
% Change |
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| Total Receipts |
58,044,000 |
58,883,000 |
1.4 |
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| Total Processed |
51,778,000 |
57,410,000 |
10.9 |
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| E-filing Receipts: |
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|
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| TOTAL |
53,612,000 |
54,942,000 |
2.5 |
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| Tax Professionals |
30,466,000 |
30,053,000 |
-1.4 |
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| Self-prepared |
23,146,000 |
24,889,000 |
7.5 |
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| Web Usage: |
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|
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| Visits to IRS.gov |
180,140,998 |
165,204,642 |
-8.3 |
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| Total Refunds: |
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|
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| Number |
45,862,000 |
48,429,000 |
5.6 |
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| Amount |
$135.025 |
Billion |
$146.918 |
Billion |
8.8 |
| Average refund |
$2,944 |
$3,034 |
3.0 |
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| Direct Deposit Refunds: |
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|
|
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| Number |
41,137,000 |
42,380,000 |
3.0 |
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| Amount |
$126.032 |
Billion |
$131.203 |
Billion |
4.1 |
| Average refund |
$3,054 |
$3,096 |
1.1 |
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IR-2014-22: New IRS Video Helps Same-Sex Couples; Joins Extensive IRS Library Of Online Tax Tips
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IR-2014-22, March 6, 2014
WASHINGTON — The Internal Revenue Service released a new YouTube video designed to provide useful tax tips to married same-sex couples.
The video is the latest addition to an online library featuring short IRS instructional videos covering more than 100 topics ranging from tips for victims of identity theft to taking advantage of the new simplified home office deduction. These videos have been viewed more than seven million times.
The new video, less than two minutes long, is available in English, Spanish and American Sign Language and can be accessed via IRS.gov. It joins an array of online products, including answersto frequently-asked questions, designed to help same-sex couples file their federal income tax returns.
Following last summer’s Supreme Court decision invalidating a key provision of the Defense of Marriage Act, the IRS ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, are now treated as married for federal tax purposes. The ruling applies to all federal tax provisions where marriage is a factor, including filing status, claiming personal and dependency exemptions, taking the standard deduction, employee benefits, contributing to an IRA and claiming the earned income tax credit or child tax credit.
Visit IRS.gov to access these and other helpful tax resources.
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