Individual Income Tax Filing: Form 1040A Returns
This dataset tracks individual income tax filing: form 1040a returns over time.
Latest Value
40007370.00
Year-over-Year Change
30.86%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Individual Income Tax Filing: Form 1040A Returns' trend measures the total number of tax returns filed using the simplified Form 1040A. This data provides insight into individual income tax filing patterns and taxpayer utilization of the streamlined 1040A form.
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 1040A is a simplified income tax return form used by taxpayers with relatively straightforward financial situations. This trend tracks the total volume of 1040A returns filed, offering a window into individual income tax compliance and taxpayer preferences for simplified filing.
Methodology
The data is collected by the Internal Revenue Service from individual income tax return filings.
Historical Context
Policymakers and tax authorities monitor 1040A return volumes to assess the effectiveness of simplified tax filing options and individual compliance trends.
Key Facts
- 1040A is a simplified tax return form.
- Trend tracks total 1040A returns filed.
- Provides insight into taxpayer preferences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individual income tax returns filed using the simplified Form 1040A.
Q: Why is this trend relevant for users or analysts?
A: The 1040A return volume offers insights into individual income tax compliance and taxpayer preferences for simplified filing options.
Q: How is this data collected or calculated?
A: The data is collected by the Internal Revenue Service from individual income tax return filings.
Q: How is this trend used in economic policy?
A: Policymakers and tax authorities monitor 1040A return volumes to assess the effectiveness of simplified tax filing options and individual compliance trends.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays by the IRS.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Form 1040A Returns (RT1040AFRM), retrieved from FRED.