PCs are paying off

March 6, 2007

Apparently after you finish reading the ol’ blog, many of you head right to your tax software program and file your returns. The latest weekly roundup of numbers from the IRS shows that taxpayers are submitting returns electronically from
home computers at a record pace.

That group is up almost 7 percent from the same
period last year, specifically the weeks ending Feb. 24/23, 2006/07. These do-it-myselfers account for 30 percent of the season’s e-filed returns so far.

Overall, electronic filing this tax season has increased by nearly 4 percent over last year’s numbers, 78 percent in 2007 vs. 76 percent in 2006. Also contributing to that bump is a slight rise in the number of returns e-filed by tax professionals for their clients.

Direct deposit of refunds is more popular than ever, but they could be bigger. The IRS says many of the filers so far are still forgetting about the long-distance phone tax refund.

You can find the latest stat details in our "By the Numbers" feature in the upper right column.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic.

TAX-SAVVY WAYS
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill.

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings.

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year.

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Credits/Deductions

Disasters

Family

Filing and Paying Taxes

Politics/Laws

Refunds

State Taxes

Tax Brackets/Inflation

Tax Tips

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