Preliminary numbers are in on income tax return filings for Tax Year 2016, and they add up to a busy season.
The Internal Revenue Service says more than 135 million returns were filed during the entire Jan. 1 - April 18 filing period. On the last week of filing, more than 17 million tax returns were filed; more than 13 million of those were e-filed.
Refunds issued over the entire filing period numbered some 97 million, work over $268 billion. The average refund, the IRS estimates, was $2,763, which was up a bit from last year’s average of $2,711.
Taxpayers filed just under 1 percent more extensions than last year. Over 11 million extensions were filed. Nearly 10 million of those extensions were e-filed, an increase of 11 percent from the year before.
|Individual Income Tax Returns:||2016||2017||% Change|
|Total Returns Received||136,528,000||135,638,000||-0.7|
|Total Returns Processed||129,456,000||128,789,000||-0.5|
|Visits to IRS.gov||325,525,568||312,255,666||-4.1|
|Direct Deposit Refunds:|