IRS Reminds to File Electronically to Speed Processing & Refunds

Although the federal income tax filing deadline has been extended to July 15, many taxpayers are still filing their returns to make the April 15 deadline. The IRS reports that, as of April 3, it had received over 97.4 million tax returns and issued over $213 billion in refunds. The tax agency also is reminding taxpayers to use electronic filing options during the coronavirus (COVID-19) crisis. In addition to keeping taxpayers from having to physically mail tax returns, the IRS says electronic filing will help speed processing, refunds and payments.