March 20, 1991
Electronic Filing Exceeds Projections
The Internal Revenue Service already has received 6.3 million
electronic returns this year, 100,000 more than its projection for
all of 1991. Texans lead in electronic filing, with over half a
million returns. Other high-volume states -- each with over 300,000
returns -- are, in descending order, Florida, North Carolina,
Illinois, California, Georgia and New York.
Refunds are quicker when filing electronically and may be
deposited directly to the taxpayer's bank account. They are usually
received within three weeks, rather than the size to eight weeks
paper returns may take. Electronic returns have had an error rate
of less than three percent this year, compared to 13 percent for
Armed Forces personnel returning from the Persian Gulf and
representatives of taxpayers still in the combat zone can get free
electronic filing at local IRS offices with that capability.
Over 50.7 million returns has been filed as of March 15 -- 1.5
percent more than at this time last year. Over 28.4 million refunds
-- worth $25.6 billion -- have been processed. At $902, the average
refund is up 6.3 percent.
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