The average tax refund received by direct deposit for was $2,815. Tax Refunds via Direct Bank Deposit: As of December 2021, over 113,283,000 taxpayers received faster federal tax refunds via direct bank deposits into their accounts through electronic transfers out of a total of 129,841,000 refunds issued for 2020 Returns.In 2020 for Tax Year 2019, 72,220,000 taxpayers prepared and e-filed their federal tax returns themselves.In 2021, taxpayers self-prepared and e-filed 67,376,000 tax returns by the end of December 2021. United States taxpayers who prepare and e-file their own tax returns continues to grow steadily.Additionally, of all e-filed returns, roughly 47% of those were self-prepared returns by individual taxpayers.Around 87 million of these refunds were sent via direct deposit. Around $279 billion has been issued for an average refund amount of $3,102. So far for 2021 Returns filed and e-filed in 2022, the IRS has issued around 93 million refunds as of April 29, 2022.
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See how the app works and sign up for a free account to prepare and e-file your current year taxes entirely online. As such, beginning the 2022 Tax Season for 2021 Returns, around 96% of 2021 Returns have been e-filed, totaling around 70 million e-filed returns in the first few months of the filing season.Įlectronic tax return filing has become popular and trusted amongst taxpayers over the years. The amount of e-filed returns increases steadily each year as paper filed returns become less popular among both taxpayers and tax professionals. This is around the same number of 2019 Returns e-filed in 2020 (152,802,000).
The IRS reported that as of December 2021, approximately 152,300,000 tax returns were e-filed for Tax Year 2020 out of a total of 169,098,000 2020 Returns filed.
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