Individual Income Tax Filing: Adjusted Gross Income (AGI): Business or Profession Net Loss
BOPNLS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,102,989.00
Year-over-Year Change
17.50%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Individual Income Tax Filing: Adjusted Gross Income (AGI): Business or Profession Net Loss' trend measures the total net loss reported on individual income tax returns from business or professional activities. This data point is a key indicator of business performance and entrepreneurial activity.
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
This economic indicator tracks the total net loss reported on individual income tax returns from business or professional activities. It provides insight into the financial health and performance of small businesses and self-employed individuals, which are important drivers of economic growth.
Methodology
The data is collected and calculated by the U.S. Internal Revenue Service from individual income tax returns.
Historical Context
Economists and policymakers monitor this trend to assess the strength of entrepreneurship and small business activity.
Key Facts
- Business or profession net loss on individual tax returns totaled $290 billion in 2020.
- The trend has declined from a peak of $366 billion in 2010 following the Great Recession.
- Reported net losses can be used to offset other taxable income on individual returns.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total net loss reported on individual income tax returns from business or professional activities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the financial health and performance of small businesses and self-employed individuals, which are important drivers of economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Internal Revenue Service from individual income tax returns.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the strength of entrepreneurship and small business activity in the U.S. economy.
Q: Are there update delays or limitations?
A: The data is subject to a lag, as it is based on individual income tax filings processed by the IRS.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Adjusted Gross Income (AGI): Business or Profession Net Loss (BOPNLS), retrieved from FRED.