Electronic transactions set records in 2000 tax filing season

WASHINGTON - The Internet Revenue Service saw a record number of electronic transactions-returns, refunds, payments and contacts-in the just-concluded tax filing season. Nearly 7 million e-filing taxpayers took advantage of digital signature options to eliminate sending any paperwork to the U.S. In addition, the IRS reported that more than 27 million consumers had their tax refunds deposited directly into their bank accounts - a 25% increase over last year. More than 230,000 authorized the Treasury to debit their financial accounts for $373 million of taxes. Another 186,000 charged more than $536 million of taxes on credit cards. In each case, the IRS said the number of electronic payments more than tripled from last year.

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