Number of Returns
This dataset tracks number of returns over time.
Latest Value
3853148.00
Year-over-Year Change
13.25%
Date Range
1/1/2002 - 1/1/2016
Summary
The 'Number of Returns' trend measures the total number of income tax returns filed with the Internal Revenue Service (IRS) in the United States. This data provides valuable insights into the economic activity and behavior of individual taxpayers.
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' is an important economic indicator that tracks the total volume of tax filings in the U.S. This metric is closely monitored by economists, policymakers, and financial analysts to assess trends in personal income, consumption, and overall economic conditions.
Methodology
The data is collected directly from the IRS based on the number of income tax returns processed each year.
Historical Context
The 'Number of Returns' is a key data point used to analyze the health of consumer markets and guide economic and tax policy decisions.
Key Facts
- The U.S. had over 150 million tax returns filed in 2021.
- The 'Number of Returns' has seen steady annual growth over the past decade.
- Tax filing data is a leading indicator of broader economic trends and household financial health.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Returns' tracks the total volume of individual income tax returns filed with the IRS each year in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into personal income, consumer spending, and overall economic conditions, making it a key data point for economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the IRS based on the number of income tax returns processed each year.
Q: How is this trend used in economic policy?
A: The 'Number of Returns' is used to analyze consumer behavior, guide tax policy decisions, and assess the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is typically released by the IRS on an annual basis, with some delay between the end of the tax year and the publication of the final figures.
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Citation
U.S. Federal Reserve, Number of Returns (EDEXPADJ), retrieved from FRED.