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The IRS is encouraging taxpayers to file their 2007 federal income tax returns electronically and--if they are due a refund--to have the refund direct deposited into one or more accounts.
E-Filing Gaining Momentum
A total of about 138 million individual tax returns are expected to be filed this year, and the IRS says that last year's record of nearly 80 million e-filed returns will likely be broken.
Taxpayers can file their returns electronically through a tax preparer, over-the-counter software or IRS Free File. Free File, accessible through IRS.gov, is available to taxpayers who earned $54,000 or less.
Following are some tax-filing statistics from the IRS:
* The IRS mailed 16.5 million 2007 1040 tax packages …