E-Filing is really catching on and the number of refund checks issued, so far, proves it. The numbers are staggering, when compared to just last year. The New York State Tax Department has issued $1 billion in tax refunds to 1.1 million taxpayers, which represents a 50% increase over the same period of a year ago.
The State Tax office is encouraging those who have not filed to use free e-filing options for quicker results and faster refund checks. Of the 3.1 million returns received this year in New York State, 97% were e-filed. The average refund is issued in just 22 days for e-filers, but takes up to 12 weeks for paper filers.
"Most New Yorkers are eligible for free-efiling options that result in fewer errors and faster refunds," explained State Tax Commissioner, Thomas H. Mattox. For more information, go to: www.tax.ny.gov.
The $1 billion in refunds issued this year compares to $669 million last year. The average refund, to date, is $906.