Number of Returns
This dataset tracks number of returns over time.
Latest Value
18960943.00
Year-over-Year Change
25.92%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Number of Returns' trend measures the total number of income tax returns filed with the U.S. Internal Revenue Service (IRS) each year. This data is a key indicator of economic activity and taxpayer compliance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Number of Returns' tracks the total volume of individual income tax returns submitted annually. This metric provides insights into the size and makeup of the U.S. taxpayer population, which is crucial for economic policymakers and tax administrators.
Methodology
The data is collected by the IRS through processing of tax return filings.
Historical Context
Policymakers and economists use this trend to monitor economic conditions and taxpayer behavior.
Key Facts
- The number of tax returns filed has steadily increased over time.
- Return volume is closely tied to employment and income levels.
- The data excludes non-filers and those with no tax liability.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Returns' measures the total volume of individual income tax returns filed with the IRS each year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into the size and makeup of the U.S. taxpayer population, which is crucial for economic policymakers and tax administrators.
Q: How is this data collected or calculated?
A: The data is collected by the IRS through processing of tax return filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor economic conditions and taxpayer behavior.
Q: Are there update delays or limitations?
A: The data may have a lag of several months due to the tax filing and processing cycle.
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Citation
U.S. Federal Reserve, Number of Returns (BOPNIC), retrieved from FRED.