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1 Apr 2011 By Bibey 

Efile Statistics That May Open Your Eyes

27 Jan

5 facts about electronic filing that can save time and money. Compare and view tax software titles with efiling like H&R Block and TurboTax.

Are you opposed to efiling your tax return? If so, consider this: in 2010 (for 2009 returns), approximately 99 million of 141.5 million people efiled their return. This works out to roughly 70 percent of the population.

In the past, you may have been in the minority if you efiled your return. In today’s day and age, nothing could be further from the truth. Since 2001, the number of efiled returns has consistently increased. For example, the total number of efiled returns was 40,244,000 in 2001, 68,476,000 in 2005, and most recently, 99,000,000.


Additionally, the number of people preparing and efiling their own return, from a home computer, is on the rise. In 2010, approximately 35 million people prepared and efiled their return online. One of the main reasons for this increase is the availability of high quality, easy to use tax software.

If you are going to efile your return you should also consider receiving your refund via direct bank deposit. Last year, more than 74 million people elected for this option. In turn, they received their refund much faster than those who opted for a paper check.

These efile statistics should open your eyes. Simply put, this is the wave of the future. 

Tax tips from the IRS for efiling and direct deposit.

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