Number of Returns
This dataset tracks number of returns over time.
Latest Value
19966525.00
Year-over-Year Change
70.77%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Number of Returns' trend measures the total count of individual income tax returns filed with the U.S. Internal Revenue Service (IRS) each year. This data provides insight into the size and composition of the U.S. taxpayer population.
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' data series tracks the annual volume of individual tax returns submitted to the IRS. It serves as a key indicator of economic and demographic trends, as the number of tax filers reflects factors like population growth, employment levels, and changes in tax policies.
Methodology
The data is collected directly from IRS administrative records on filed tax returns.
Historical Context
Policymakers and analysts use this trend to monitor the overall size and dynamics of the U.S. individual taxpayer base.
Key Facts
- The number of individual tax returns filed in the U.S. was over 150 million in 2020.
- The 'Number of Returns' trend has grown steadily over time, reflecting population and economic expansion.
- Fluctuations in the 'Number of Returns' can signal changes in employment, income levels, and tax policies.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Returns' trend measures the total count of individual income tax returns filed with the U.S. Internal Revenue Service (IRS) each year.
Q: Why is this trend relevant for users or analysts?
A: The 'Number of Returns' data provides valuable insights into the size and dynamics of the U.S. individual taxpayer population, which is crucial for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected directly from IRS administrative records on filed tax returns.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the 'Number of Returns' trend to monitor the overall size and composition of the U.S. individual taxpayer base, which informs fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The 'Number of Returns' data is published annually by the IRS, with a typical lag of several months from the end of the tax year.
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Citation
U.S. Federal Reserve, Number of Returns (SSBAGI), retrieved from FRED.