Individual Income Tax Filing: All Returns
This dataset tracks individual income tax filing: all returns over time.
Latest Value
150272154.00
Year-over-Year Change
13.65%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Individual Income Tax Filing: All Returns' trend measures the total number of federal individual income tax returns filed annually in the United States. This data is widely used by economists and policymakers to analyze consumer behavior and assess the broader economic landscape.
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 data series tracks the total volume of individual income tax returns filed with the Internal Revenue Service (IRS). It provides insight into tax-filing patterns and taxpayer activity, which are key indicators of economic conditions and consumer sentiment.
Methodology
The data is collected by the IRS through the processing of individual income tax returns.
Historical Context
This trend is closely monitored by government agencies, financial institutions, and economic analysts to inform policy decisions and investment strategies.
Key Facts
- The number of individual income tax returns filed in the U.S. reached a peak of over 150 million in 2019.
- Tax filing data can provide insights into the strength of the economy and consumer spending patterns.
- The IRS processes and compiles the individual income tax return data on an annual basis.
FAQs
Q: What does this economic trend measure?
A: The 'Individual Income Tax Filing: All Returns' trend measures the total number of federal individual income tax returns filed annually in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data is widely used by economists and policymakers to analyze consumer behavior and assess the broader economic landscape.
Q: How is this data collected or calculated?
A: The data is collected by the IRS through the processing of individual income tax returns.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, financial institutions, and economic analysts to inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The IRS processes and compiles the individual income tax return data on an annual basis, so there may be a delay in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: All Returns (RTALFRM), retrieved from FRED.