Tax Refunds—Better Than Christmas?

Updated for Tax Year 2010

OVERVIEW

Every year, millions of Americans get a financial windfall in the form of a tax refund. Here, we've gathered some key tax filing statistics on how they're getting those refunds -- everything from how people file, to commonly-missed tax deductions, to the number of tax returns that are e-filed.

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The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation for advice on taxes, your investments, the law, or any other business and professional matters that affect you and/or your business.

* Important Offer Details and Disclosures

TURBOTAX ONLINE/MOBILE

Try for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. Absolute Zero $0 federal (forms 1040EZ/1040A) + $0 state limited time offer only available with TurboTax Free Edition; offer may change or end at any time without notice. Actual prices are determined at the time of print or e-file and are subject to change without notice. Savings and price comparisons based on anticipated price increase. Special discount offers may not be valid for mobile in-app purchases.

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Pays for itself (TurboTax Self-Employed): Estimates based on deductible business expenses calculated at the self-employment tax income rate (15.3%) for tax year 2017. Actual results will vary based on your tax situation.

Anytime, anywhere: Internet access required; standard data rates apply to download and use mobile app.

Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary.

Pay for TurboTax out of your federal refund: A $X.XX Refund Processing Service fee applies to this payment method. Prices are subject to change without notice.

TurboTax Help and Support: Access to a TurboTax specialist is included with TurboTax Deluxe, Premier, Self-Employed and TurboTax Live; not included with Free Edition (but is available as an upgrade). TurboTax specialists are available to provide general customer help and support using the TurboTax product. SmartLook on-screen help is available on a PC, laptop or the TurboTax mobile app. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice.

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Tax Return Access and My Docs features: Included with TurboTax Deluxe, Premier, Self-Employed, TurboTax Live or with PLUS benefits. Access to all tax-related documents we have on file for you is available through 10/31/2019. Terms and conditions may vary and are subject to change without notice.

#1 best-selling tax software: Based on aggregated sales data for all tax year 2016 TurboTax products.

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Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary.

Pay for TurboTax out of your federal refund: A $X.XX Refund Processing Service fee applies to this payment method. Prices are subject to change without notice. This benefit is available with TurboTax Federal products except TurboTax Business.

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#1 best-selling tax software: Based on aggregated sales data for all tax year 2016 TurboTax products.

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