Individual Income Tax Filing: Returns of Surviving Spouses
This dataset tracks individual income tax filing: returns of surviving spouses over time.
Latest Value
90703.00
Year-over-Year Change
10.36%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Individual Income Tax Filing: Returns of Surviving Spouses' trend measures the number of tax returns filed by surviving spouses in the U.S. It provides insights into the financial circumstances and tax obligations of this specific demographic.
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 number of individual income tax returns filed by surviving spouses, which refers to taxpayers who have lost their spouse and continue to file taxes jointly. It offers valuable information about the financial standing and tax compliance of this population segment.
Methodology
The data is collected and compiled by the U.S. Internal Revenue Service (IRS) through the processing of individual income tax returns.
Historical Context
Policymakers and economists analyze this trend to understand the financial well-being and tax burden of surviving spouses, which can inform policies and programs aimed at supporting this demographic.
Key Facts
- The number of tax returns filed by surviving spouses has remained relatively stable in recent years.
- Surviving spouses often face unique financial challenges, such as changes in household income and potential eligibility for tax relief.
- Analyzing trends in surviving spouse tax returns can provide insights into the economic well-being of this demographic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individual income tax returns filed by surviving spouses in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of surviving spouse tax returns provides valuable insights into the financial circumstances and tax obligations of this specific demographic, which can inform policies and programs aimed at supporting this population.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Internal Revenue Service (IRS) through the processing of individual income tax returns.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand the financial well-being and tax burden of surviving spouses, which can inform policies and programs aimed at supporting this demographic.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the U.S. Internal Revenue Service (IRS), which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Returns of Surviving Spouses (RTSVSS), retrieved from FRED.