02:08 PM

Electronic Tax Filing On Record Pace As Deadline Looms

Younger taxpayers are well ahead of their older counterparts in terms of getting this year's returns to the IRS online, a Microsoft and Zogby survey reports.

More Americans will file their taxes online this year than at any other time, according to the Internal Revenue Service.

The tax agency says 57 million taxpayers have e-filed as of March 30, a 5.9% increase over the same period last year. Overall, 80.8 million returns have been filed as of March, the IRS says.

The data was released last week by the IRS.

Meanwhile, it turns out that U.S. citizens who grew up with the Internet are much more likely to file their tax returns online than older taxpayers, according to a survey released Tuesday.

Almost 66% of adults between the ages of 18 and 29 will e-file their taxes this year, compared with just 45% of those aged between 50 and 64. The survey of 5,147 Americans was conducted by Microsoft and Zogby Interactive.

Perhaps because of their propensity to file online, younger taxpayers are well ahead of their older counterparts in terms of getting this year's returns to the IRS. About 75% of 18 to 29 year olds already have filed while only 50% of those between 50 and 64 have done so, the survey says.

The Microsoft/Zogby survey also found that, overall, 40% of taxpayers have yet to file for 2007, despite the looming April 17 deadline.

The usual deadline of April 15 has been moved forward two days because it falls on a Sunday. Monday, April 16, is Emancipation Day, a public holiday in Washington, D.C.

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