Statistics Feed

Valentine's Day is tomorrow. This year will be the the 32nd Feb. 14th that the hubby and I have spent together, 30 of those as a married couple. So I got to wondering, especially in light of recent surveys that say marriage is no longer the relationship goal of many folks, how many taxpayers share our status. The latest complete numbers available from the IRS are for tax year 2008. That year, more than 56 million returns were submitted by married couples. The precise number, and the By the Numbers figure this week, is: That number is almost 40 percent... Read more →


Are you ready for some football? Or I guess the more appropriate question today should be have you placed your Super Bowl bets yet? The Super Bowl is the most gambled-on sporting event in the United States. Super Bowl XLV features the closest betting line -- it's been holding in the 2.5 to 3 point range -- in 29 years, according to VegasInsider.com. U.S. sports fans can only place bets on the big NFL game and other athletic events legally in Nevada. That geographic limitation is why millions of gamblers for the last couple of weeks have been making illegal... Read more →


Last year, the Internal Revenue Service processed more than 142 million tax returns. Almost 70 percent of those Form 1040s (and 1040As and 1040EZs, plus attached forms and schedules) arrived at IRS centers electronically. The precise number of e-filers, according to the agency's final 2010 filing season data, was 98,740,000. That was a 3.4 percent increase over the previous year's count of taxpayers who electronically delivered their returns. The biggest jump, percentage wise, was in the number of folks who e-filed their taxes themselves. Almost 35 million of us did so, a 8.2 percent increase. But don't worry, tax pros.... Read more →


More than three grand is a nice chunk of change. That's the average refund check -- $3,303 to be precise -- that the Internal Revenue Service issued last year. Taxpayers who opted in 2010 for direct deposit of their refund money got even more. The average refund amount electronically sent to taxpayer accounts last year was $3,191. January is prime filing month for folks expecting refunds. If this forced savings account with the U.S. Treasury as your banker is the only way you can keep from spending every last cent of your paycheck, then that's better than nothing. And with... Read more →


Welcome to By the Numbers, a new feature here on the ol' blog. Each Sunday a figure -- a percentage, dollar amount, raw number and the like -- with a tax connection will the highlighted. I've planned numerical posts through this filing season, but if there's interest, by me as well as all y'all!, I'll keep it up year-round. As with the tax tips, I'll collect these numerical postings on a special page so you can peruse them at your tax wonky leisure. So enough text already. To the digits. The inaugural By the Numbers number is 2 percent. No,... Read more →


Analysis of the latest IRS data is not going to help sell a tax-the-rich approach to funding healthcare reform. Thanks to the folks at the Tax Foundation for crunching the numbers that reveal the top 1 percent of taxpayers (in 2007, the latest complete info available) paid 40.4 percent of the total income taxes collected by the federal government. "This is the highest percentage in modern history," notes Scott Hodge in the nonpartisan educational group's Tax Policy Blog. "By contrast, the top 1 percent paid 24.8 percent of the income tax burden in 1987, the year following the 1986 tax... Read more →


What to do with your tax refund

As April was winding down, the number of e-filers was going up. More than 90 million tax returns were filed electronically through April 24, according to the IRS. As has been the trend over the last few years, more individuals in 2009 opted to electronically file their returns on their own. In fact, that segment of filers hit a record this year. For the first time, says the tax agency, more than 30 million individual income tax returns were filed from home computers. That's a 19 percent jump over last year. As the math indicates, that means around 60 million... Read more →


What a difference a rebate makes

By early July, the IRS had received more than 145 million tax returns. At that same point last year, 131 million folks had filed. That filing increase of almost 12 percent is no doubt almost totally attributable to the economic stimulus payments. The only way to get a rebate this year is to file a 2007 return. And the numbers will continue to climb as the Oct. 15 extended filing deadline nears. By the numbers: Unfortunately, the IRS wasn't able to provide dollar amounts in connection with returns processed by the week ending July 5 (Excel format) due to "technical... Read more →


Withholding lessons from filing stats

For the last few years, electronic tax filing has set records as more of us choose this method to get our returns to the IRS. It looks like the 2008 filing season will continue that trend. Through Feb. 22, more than 38 million returns have been e-filed. That's a 5 percent increase over the same period last year. One of the biggest areas of growth, according to the IRS, is returns submitted electronically from home computers. More than 12.3 million returns were filed directly by taxpayers from home, an increase of almost 14 percent from the same time last year.... Read more →


2007 tax filing season
sets records ... again

Ho-hum. Same old, same old. Another tax-filing season, another IRS statistical record falls. Nearly 80 million of us filed out taxes electronically this year, breaking the record set last year. As the table below shows, that's pretty much been the pattern since the IRS began accepting and then encouraging taxpayers to e-file. The IRS reports (IR-2007-185) that the exact number of e-filers for the 2007 tax season, which officially closed out on the Oct. 15 extension deadline, was 79.98 million. That's about 9 percent more than filed electronically the previous year. This year, more than 22.6 million returns were e-filed... Read more →


2007 filing season is another record breaker

The 2007 tax-filing season wound down a little over a month ago, once again setting records. This year, e-filing continued to climb, hitting a new high of 76 million electronically submitted returns. While e-filing has always been popular among early filers who typically are expecting refunds and like the way the cyber system gets them their money faster, this year’s tax season saw another e-surge in April. The number of electronically-filed returns sent by last-minute filers, a group that until this year has tended to send in paper 1040s, jumped 35 percent during the final weeks of this filing season... Read more →


PCs are paying off

Apparently after you finish reading the ol' blog, many of you head right to your tax software program and file your returns. The latest weekly roundup of numbers from the IRS shows that taxpayers are submitting returns electronically from home computers at a record pace. That group is up almost 7 percent from the same period last year, specifically the weeks ending Feb. 24/23, 2006/07. These do-it-myselfers account for 30 percent of the season's e-filed returns so far. Overall, electronic filing this tax season has increased by nearly 4 percent over last year's numbers, 78 percent in 2007 vs. 76... Read more →


A $300 million gift to Uncle Sam

Some taxpayers apparently believe it's better to give than to receive. How else to explain the more than 10 million filers who didn't claim the federal telephone excise tax refund. It doesn't take a math degree to figure out the cost to filers and for the U.S. Treasury. Multiply those 10 million returns by $30, the smallest available standard phone refund amount, and you get $300 million. And that's a conservative estimate. It's a safe bet that some of those returns that ignored the phone refund were eligible for the other allowable amounts -- $40, $50 or $60 -- that... Read more →