MOUNTAINSIDE – New Jerseyans e-filed a record 2.87 million federal income tax returns during 2010 for tax year 2009, up 3.3 percent from last year’s total of 2.78 million e-filers.
“More and more New Jerseyans continue to hit the ‘send button’ on their computers when it comes to filing their federal tax returns,” said New Jersey’s IRS spokesperson Gregg Semanick. “Taxpayers and tax professionals alike are discovering and taking advantage of the benefits of e-filing.”
Nearly 99 million individuals nationwide filed their federal income tax returns electronically during 2010, a 3 percent increase in the IRS e-file rate. Of the 141.5 million returns filed so far this year, almost 70 percent were filed electronically. Last year, nearly 95 million taxpayers or 67 percent used e-file.
Taxpayers who prepare their own tax returns using home computers continued to set the pace for e-file. This year, more than 35 percent of e-filers prepared and filed their returns themselves.
Almost 35 million returns were e-filed from home computers, up 8 percent from last year.
More than 74 million refunds were electronically deposited into taxpayers’ accounts, saving taxpayers a trip to the bank. More importantly, these taxpayers received their refunds at least a week faster than those receiving paper checks.
“If you file electronically and choose to have your tax refund deposited directly into your bank account, you will have your money in as few as 10 days,” Semanick said.
These direct deposit refunds accounted for almost 69 percent of all refunds, up from 66 percent of refunds last year. Overall, the IRS issued 109 million refunds, averaging $2,994 per refund; direct deposit refunds averaged $3,189 per refund.
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