March 17, 1993
Four Weeks to Go &
Tax Filings Remain Sluggish
WASHINGTON - With just four weeks left in the tax season,
return filings continue to run behind the pace of recent years and the average refund is
almost dropping. The Internal Revenue Service reminds taxpayers who may owe taxes that
they can file now and request an installment plan, or file now and send the payment by
April 15. deadline.
The IRS issued 6 million refunds last week, usually the peak week for refunds. The IRS
has received a total of 48.2 million returns. These are the smallest figures for this
point in the filing season in the last five years. The average amount of last weeks
refunds -- $894 -- was two percent less than the same week last year.
One reason for this year's slower rate may be that taxpayers are finding smaller
refunds -- or even unexpected balances due -- as a result of last March's automatic
withholding rate adjustments. While the total tax was unchanged, some of what might have
been this year's refund was in 1992's paychecks.
If your tax withholding was inadequate last year, the IRS advises you to get a new Form
W-4 to adjust your 1993 withholding as soon as possible. If you can't pay the full tax,
you can attach Form 9465, Installment Agreement Request, to the front of your return. The
IRS will let you know if your installment plan is acceptable within 30 days.
Taxpayers who are getting refunds will have their money sooner if they file now. Refund
processing has averaged about four weeks, but will gradually lengthen as April approaches.
Those filing at the deadline may not get their refund until early June.
Although total returns receipts are down, electronic filing has been about 12 percent
ahead of last year, with 10.3 million returns so far. The usually higher refunds
associated with these returns returns have kept the cumulative average refund amount
higher -- presently $1,008, up one percent from last year.
Taxpayers needing federal tax forms or publications should act soon to get them in on
time. Call the IRS toll-free number -- 1-800-TAX-FORM -- before April, or check your local
bank, post office or library for available forms.
1993 FILING SEASON STATISTICS
Cumulative through the week ending 3/13/92 and 3/12/93
1992 1993 % Change
Individual Income Tax Returns
Total Receipts 52,356,000 48,189,000 -8.0
Total Processed 41,097,000 37,536,000 -8.7
Filing Alternatives -- Total Receipts:
Electronic Filing 9,202,000 10,329,000 12.2
1040PC Format 632,000 1,855,000 193.5
TeleFile 112,000 128,000 14.3
Refunds Certified by Martinsburg Computing Center:
Number 29,784,000 27,493,000 -7.7
Amount of principal $29.657 billion $27.724 billion -6.5
Average refund $996 $1,008 1.3
(NOTE: these amounts should NOT be compared to the
"processed" numbers above, since those figures reflect
Service Center processing, which is completed at least a
week before refunds are certified at the Computing
Taxpayers Service Filing Season Statistics
through 3/14/92 through 3/13/93
calls answered 11,023,917 10,940,368
Tele-Tax calls 16,759,763 14,890,848
Technical tapes 2,792,313 2,807,412
Refund Info. 13,967,450 12,083,436
Previous | Next
1993 IRS News Releases | News Releases Main | Home