"

pmg light blue 728

Estimated reading time: 1 minute, 9 seconds

IRS: 16.7 Million Returns Received

Friday, Feb 11 2022
Tax
Written by 

The Internal Revenue Service received 16,685,000 returns through February 4, the IRS reported in its first weekly filing statistics for 2022. Because the season opened two weeks earlier than las year, there are no comparative figures for last year.

The IRS has processed 12,992,000 returns, 77.8 percent of the total. The industry will be watching processing rates given the millions of returns backlogged from 2021.

 The early season figures are skewed heavily towards self-prepared returns received.  With 15,990,000 efiles received, herte were 10,747,000 self-prepared returns received, 67.2 percent of the total.  Tax professionals submitted 5,243,000 efiles.

There were 4,330,000 refunds issued with the average refund coming in at $2,201.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Read 2135 times
Rate this item
(0 votes)
More in this category: « IRS to Drop Facial Recognition Store Owner Pleads Guilty to Fraud  »
Bob Scott

Latest from Bob Scott

pmg light blue 300

Visit other PMG Sites:
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline