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. Follow the IRS on New Media Subscribe to IRS Newswire 2014 FILING SEASON STATISTICS Cumulative statistics comparing 3/01/13 and 2/28/14 Individual Income Tax Returns: 2013 2014 % Change Total Receipts 58,044,000 58,883,000 1.4 Total Processed 51,778,000 57,410,000 10.9 E-filing Receipts: TOTAL 53,612,000 54,942,000 2.5 Tax Professionals 30,466,000 30,053,000 -1.4 Self-prepared 23,146,000 24,889,000 7.5 Web Usage: Visits to IRS.gov 180,140,998 165,204,642 -8.3 Total Refunds: Number 45,862,000 48,429,000 5.6 Amount $135.025 Billion $146.918 Billion 8.8 Average refund $2,944 $3,034 3.0 Direct Deposit Refunds: Number 41,137,000 42,380,000 3.0 Amount $126.032 Billion $131.203 Billion 4.1 Average refund $3,054 $3,096 1.1
