More people are e-filing their taxes this year, accounting for about 91% of the returns filed so far with the Internal Revenue Service, the tax body said this week.
The IRS has received 82 million tax returns through e-file, up 1.8% from last year. It projects to end the year with more e-filings than ever at a little more than 125 million. The IRS expects paper filings to be down 7% this year.
In a release, the IRS calls e-filing the 'safest, fastest, and easiest way' to submit individual tax returns. Consumers are likely opting to e-file as they continue to gain more access to computers and smartphones, and become more comfortable with the security of online platforms, says Daniel Eubanks, assistant director of online tax filing platform TaxSlayer.
While he won't give specific numbers, he says TaxSlayer has seen more customers e-file this year than last year.
More filers are also doing their own taxes this year, up 5.9%, while tax returns filed by professionals are down nearly 1%.
The IRS has received a little more than 90 million returns so far, and expects to receive 148 million for all of 2014. The average refund is up 1.5% to $2,831 from $2,790 at this point in 2013.
Those who have their refund direct deposited to their account tend to get more back. Direct deposit refunds are at an average of $2,951 so far, though that's down slightly from last year's $2,959 at this same point in time.