The filing deadline for taxpayers is less than a week away and the IRS is receiving millions of tax returns each day. Currently the IRS expects to get about 150 million tax returns this season, and there are over 100 million of them that have already been filed. The IRS has also payed-out over $229 billion in individual tax refunds. “Over 90 percent of individuals have filed electronically so far, but the percentage of electronic returns is expected to fall slightly.” The number of total tax collections have been rising in recent years after taking a hit during the past recession. Identify theft is another major concern that the IRS has been taking steps to address.
See Naomi Jagoda, IRS getting millions of tax returns a day, The Hill, April 12, 2016.
