Individual Income Tax Filing: Taxable Pensions and Annuities
PATSIAGI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,860,995.00
Year-over-Year Change
20.49%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Individual Income Tax Filing: Taxable Pensions and Annuities' trend measures the total amount of taxable pension and annuity income reported on individual income tax returns. This metric provides insights into retirement income and household savings patterns.
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 taxable pension and annuity income reported on U.S. individual income tax returns. It offers a comprehensive view of retirement income sources and can be used to analyze trends in household savings, spending, and financial security.
Methodology
The data is collected and calculated by the U.S. Internal Revenue Service (IRS) based on individual tax return filings.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the economic well-being of retirees and near-retirees.
Key Facts
- Taxable pension and annuity income has grown steadily over the past decade.
- Retirees with higher incomes tend to have a greater proportion of their income from taxable pensions and annuities.
- The trend provides insights into the financial health and spending patterns of the retired population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of taxable pension and annuity income reported on individual income tax returns in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into retirement income sources and can be used to analyze trends in household savings, spending, and financial security among retirees.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Internal Revenue Service (IRS) based on individual tax return filings.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and financial analysts to assess the economic well-being of retirees and near-retirees.
Q: Are there update delays or limitations?
A: The data is subject to the typical tax filing and processing timelines, which can result in publication delays of several months.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Taxable Pensions and Annuities (PATSIAGI), retrieved from FRED.