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IRS Tax Return Statistics for 2007-2008 March 27, 2008

Posted by Daniel Downs in giving, materialism, news, political economy, taxes.
Tags: , , , , ,

Today, the IRS published individual income tax return statistics for 2007 and 2008. The table below covers total number of returns, total number processed, number of return filed on-line both by tax tax professionals and individuals, how web page hits, total number, total amount, and average individual refund, and the same figures for direct deposits.

Individual Returns 2007 2008 % Change
Total Receipts 74,152,000 78,792,000 6.3%
Total Processed 70,530,000 74,139,000 5.1%
E-filing Receipts:
TOTAL 53,145,000 57,745,000 8.7%
Tax Professionals 37,942,000 40,040,000 5.5%
Self-prepared 15,204,000 17,705,000 16.5%
Web Usage:
Visits to IRS.gov 95,534,000 111,491,000 16.7%
Total Refunds:
Number 62,951,000 64,725,000 2.8%
Amount $152.8 $161.3 5.5%
Average refund $2,427 $2,492 2.7%
Direct Deposit Refunds:
Number 44,779,000 48,015,000 7.2%
Amount $124.1 $133.5 7.6%
Average refund $2,771 $2,780 0.3%
Cumulative through the weeks ending 3/23/07 and 3/21/08

Source: IRS Newswire, March 27, 2008

It’s true the information is almost useless except for IRS, accounts, economists, students, the curious, and the otherwise bored. Nevertheless, it presents a snap shot of a small part of the state of America. It tells us that either more Americans worked in 2008 than in 2007, or more Americans are being honest and filing income returns, or the stimulus is working and the previous two are not true or irrelevant, or some combination of them all.

The IRS does recommend anyone who had income of $3,000 or more during 2007 to file 1040A so that the IRS can give you $300 to $600 whether you had to file a return or not. The sooner you file the sooner they can send you a check, especially if you let them directly deposit it to your back account. Just think of it, in a few weeks, you could be paying off some of those bills you are behind on or maybe take a mini vacation to McDonald’s land or the mega mall and splurge a little: buy a few cappuccinos and a couple shirts or socks. You should have enough for at that. If you want to a little less materialistic, give some of your new found riches to your church, synagogue, mosque, or Salvation Army, or some other worthy organization like the local homeless shelter, or ….



1. Keith Foucher - October 27, 2009

Where is there a table of average tax adjustments based on AGI?

2. jean Lomont - February 15, 2011

I would like to know how much the IRS refunded in 2008 and 2009, total amount?

Daniel Downs - September 13, 2011

Go to the IRS.gov website.

3. http://www.alanis.com/ - August 8, 2013

Is the upcoming tax rebate free money or an advance on next years tax refund?

4. porownanie tabletow - November 30, 2013

Heya i’m for the first time here. I found this board and I in finding It really
useful & it helped me out much. I’m hoping to give something back and aid others
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