Individual Income Tax Filing: Returns of Single Persons
RTSPRS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,410,690.00
Year-over-Year Change
22.98%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Individual Income Tax Filing: Returns of Single Persons' trend measures the number of single individuals who file personal income tax returns in the United States. This data provides insights into individual tax-filing patterns and can inform economic and policy decisions.
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 series tracks the total number of individual income tax returns filed by single taxpayers in the U.S. It is a key economic indicator used by policymakers, tax authorities, and analysts to understand filing behavior and the overall income tax landscape for unmarried individuals.
Methodology
The data is collected and published annually by the U.S. Internal Revenue Service (IRS) based on processed tax returns.
Historical Context
Trends in single tax filings are relevant for informing tax and economic policies that impact individual incomes and household finances.
Key Facts
- The number of single tax filers has increased by over 10% in the past decade.
- Single taxpayers account for approximately 30% of all individual income tax returns filed.
- Tax filing patterns for single individuals can reflect broader economic trends like employment and wage growth.
FAQs
Q: What does this economic trend measure?
A: The 'Individual Income Tax Filing: Returns of Single Persons' trend measures the total number of personal income tax returns filed by single individuals in the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in single tax filings provide insights into individual income patterns and can inform economic and tax policy decisions that impact unmarried households.
Q: How is this data collected or calculated?
A: The data is collected and published annually by the U.S. Internal Revenue Service (IRS) based on processed individual income tax returns.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor single tax filing trends to understand how individual incomes and household finances are evolving, which can inform tax policies and other economic interventions.
Q: Are there update delays or limitations?
A: The data is published annually by the IRS with a lag of several months, so there may be delays in the most recent observations.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Returns of Single Persons (RTSPRS), retrieved from FRED.