Individual Income Tax Filing: Statutory Adjustments: Certain Business Expenses of Reservists, Performing Artists, and Fee-basis Government Officials
This dataset tracks individual income tax filing: statutory adjustments: certain business expenses of reservists, performing artists, and fee-basis government officials over time.
Latest Value
605289.00
Year-over-Year Change
139.63%
Date Range
1/1/2004 - 1/1/2016
Summary
This trend measures the total value of statutory adjustments to individual income taxes for certain business expenses of reservists, performing artists, and fee-basis government officials. It provides insight into the impact of these deductions on individual tax liability.
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 Individual Income Tax Filing: Statutory Adjustments: Certain Business Expenses of Reservists, Performing Artists, and Fee-basis Government Officials trend represents the total value of tax deductions claimed by these specific groups of taxpayers. This metric is used by economists and policymakers to analyze the effects of tax policies on specific professions and industries.
Methodology
The data is collected from individual income tax returns filed with the U.S. Internal Revenue Service.
Historical Context
This trend is relevant for understanding the impact of tax policies on certain professions and their effect on individual tax liabilities.
Key Facts
- The trend has been increasing over the past decade.
- Deductions for these expenses aim to reduce the tax burden on specific professions.
- The total value of these deductions can influence government tax revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of statutory adjustments to individual income taxes for certain business expenses of reservists, performing artists, and fee-basis government officials.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to analyze the effects of tax policies on specific professions and industries, and how these deductions impact individual tax liabilities.
Q: How is this data collected or calculated?
A: The data is collected from individual income tax returns filed with the U.S. Internal Revenue Service.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the impact of tax policies on certain professions and their effect on individual tax liabilities, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to update delays based on the IRS tax filing and processing schedule.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Statutory Adjustments: Certain Business Expenses of Reservists, Performing Artists, and Fee-basis Government Officials (CBERAGOA), retrieved from FRED.