Number of Returns Up Almost Six Percent

WASHINGTON - More taxpayers are filing their federal income returns earlier this year than last year, and the Internal Revenue Service is processing them faster.

Tax filing statistics released by the IRS today show that the number of returns filed by taxpayers is up almost 6 percent for the week ending Feb. 16, 1990, and 4 percent overall for the filing season so far. IRS processing of returns is up over 27 percent for the week compared to the same week last year, and up over 22 percent for the filing season.

The IRS also said that refunds are being issued at a faster pace. As of Feb. 15, 1990, over 5 million refunds were issued, an increase of over 22 percent from last year. The average refund is $879, an increase of over 9 percent.

More taxpayers are filing their returns electronically this year. So far, almost 2 million returns have been filed electronically, an increase of over 280 percent compared to last year. This is the first year that electronic filing is available nationwide to filers who are due refunds. Filing electronically reduces the time it takes to get a refund to as little as two weeks if taxpayers choose to have their refund transferred electronically to their bank accounts.

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