With the tax filing deadline approaching—it’s April 17 this year—here’s some handy info: more and more people are filing electronically in D.C., and they get their refunds faster.
According to information provided by the D.C. Office of Tax and Revenue today, electronic tax filing is up almost 10 percent as compared to last year—through this week, some 128,000 people have filed electronically, more than the 117,000 who did last year. Additionally, refunds for all filers are coming more quickly—from just over four days last year to three days in 2012 for electronic filers, and from 15 to just under 10 days for paper filers.
So far, the average refund is down, though only slightly. In 2011, D.C. taxpayers got refunds of $895.88, while this year they’re getting $881.20.
According to the District’s 2011 Comprehensive Annual Financial Report, the largest number of filers—just over 79,000—make between $25,001 and $50,000 a year and are responsible for close to eight percent of all tax revenues. The 51,000 filers that make over $100,000, on the other hand, are responsible for 71 percent of revenues.
Everything tax-related you could want is here.
Martin Austermuhle