Individual Income Tax Filing: Net Capital Loss in Adjusted Gross Income (AGI)
Number of Returns
NCLIAGI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,054,395.00
Year-over-Year Change
-21.36%
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 Internal Revenue Service (IRS). This statistic is a key indicator of economic activity and household financial health.
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 data tracks the total count of individual tax returns filed annually in the United States. It reflects the size and composition of the taxpaying population, which is important for economic analysis and tax policy.
Methodology
The data is collected directly from IRS tax filing records.
Historical Context
Policymakers and economists use this metric to assess trends in personal income, consumption, and the overall state of the economy.
Key Facts
- The number of tax returns filed peaked at over 150 million in 2019.
- Return volumes typically rise during periods of economic growth and decline during recessions.
- The IRS processes over 150 million individual income tax returns each year on average.
FAQs
Q: What does this economic trend measure?
A: The Number of Returns metric tracks the total count of individual income tax returns filed annually with the IRS. It reflects the size and composition of the U.S. taxpaying population.
Q: Why is this trend relevant for users or analysts?
A: The number of tax returns is a key indicator of economic activity, personal income, and household financial health. Policymakers and economists use this data to assess broader economic conditions.
Q: How is this data collected or calculated?
A: The Number of Returns data is collected directly from IRS records of individual income tax filings.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use the Number of Returns to gauge trends in personal income, consumer spending, and the overall state of the economy. It informs tax, fiscal, and economic policies.
Q: Are there update delays or limitations?
A: The Number of Returns data is published annually with a lag of several months, as it relies on IRS processing of individual tax returns.
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Citation
U.S. Federal Reserve, Number of Returns (NCLIAGI), retrieved from FRED.