Individual Income Tax Filing: Statutory Adjustments: Student Loan Interest Deduction
Number of Returns
SLITDD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,396,180.00
Year-over-Year Change
64.68%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Number of Returns' economic trend measures the total number of tax returns filed with the Internal Revenue Service (IRS) in the United States. This statistic is a key indicator of individual income and economic activity.
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 'Number of Returns' reflects the total volume of tax filings by individuals and households. It provides insights into the size and composition of the taxpayer population, which is valuable for economists and policymakers analyzing trends in personal income, consumption, and broader economic conditions.
Methodology
The data is collected directly from tax return submissions to the IRS.
Historical Context
The 'Number of Returns' is widely used to assess the health of consumer markets and inform economic policy decisions.
Key Facts
- The number of tax returns filed in the U.S. exceeds 150 million annually.
- Tax return volumes typically rise during periods of economic growth and expansion.
- Filing trends can signal shifts in employment, incomes, and household financial conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Returns' measures the total volume of individual tax returns filed with the IRS each year, providing insights into the size and composition of the U.S. taxpayer population.
Q: Why is this trend relevant for users or analysts?
A: The 'Number of Returns' is a valuable indicator of personal income, consumer spending, and broader economic conditions, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from tax return submissions to the Internal Revenue Service (IRS).
Q: How is this trend used in economic policy?
A: The 'Number of Returns' is widely used by economists and policymakers to assess the health of consumer markets and inform decisions related to taxation, income support, and other economic policies.
Q: Are there update delays or limitations?
A: The 'Number of Returns' data is published with a brief delay, as it relies on the processing of tax return submissions by the IRS.
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Citation
U.S. Federal Reserve, Number of Returns (SLITDD), retrieved from FRED.