If the amount of tax included with the extension request is less than this, taxpayers will be charged interest on the overdue amount and may be charged penalties for failing to pay tax and failing to file a timely tax return. The IRS also said today that returns are continuing to come into the service centers at a faster pace than last year. The IRS received over 60 million returns by March 30, up 3.5 percent from the 58 million filed at the same point last year. The IRS is also continuing to process returns at a faster pace. Over 51.5 million returns were processed through March 30, up over 7 percent from the 48 million processed last year at this point.
Refunds are up over last year as well.
As of March 29, the IRS certified 40.5 million refunds, compared to 37 million last year.