Monday, May 5, 2014

Personal income tax e-filing sets record

More Rhode Island personal income tax returns were filed electronically this season than at any point since e-filing began. 


When e-file started in 1995, for tax year 1994, a total of 1,810 Rhode Island personal income tax returns were e-filed – a tiny fraction of all returns filed. So far in 2014, for tax year 2013, a total of 474,570 Rhode Island personal income tax returns have been e-filed, representing approximately 87 percent of all returns filed.

“Tax preparers and taxpayers have embraced the many benefits of e-filing,” said Rhode Island Tax Administrator David M. Sullivan. E- filing saves time and money, and results in fewer errors and faster processing, said Peter McVay, associate director of revenue services. 


E-filing has increased in recent years, too.




Type of filing:
TY 2007
TY 2013
E-filed returns
59.87%
87.21%
Paper returns without barcode
26.59%
8.61%
Paper returns with barcode
13.53%
4.18%
Total:
100.00%
100.00%
Tax year 2007 returns filed through April 29, 2008, and tax year 2013 returns filed through April 30, 2014. Some figures rounded.