Individual Income Tax Filing: Adjusted Gross Income (AGI): Taxable IRA Distributions
This dataset tracks individual income tax filing: adjusted gross income (agi): taxable ira distributions over time.
Latest Value
257507903.00
Year-over-Year Change
153.27%
Date Range
1/1/1999 - 1/1/2016
Summary
The Individual Income Tax Filing: Adjusted Gross Income (AGI): Taxable IRA Distributions trend measures the total amount of taxable IRA distributions reported on individual income tax returns. This data is crucial for understanding household savings and retirement income patterns.
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 total taxable distributions from individual retirement accounts (IRAs) reported on U.S. income tax returns. It provides insight into how Americans are drawing down their retirement savings and the role of IRA withdrawals in personal income.
Methodology
The data is collected from annual individual income tax returns filed with the U.S. Internal Revenue Service.
Historical Context
Policymakers and economists analyze this trend to assess the financial security of retirees and the broader implications for consumer spending and the macroeconomy.
Key Facts
- IRA distributions account for a significant portion of retiree income.
- Taxable IRA withdrawals reflect drawdowns of retirement savings.
- Trends in this data inform policy discussions on retirement security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of taxable distributions from individual retirement accounts (IRAs) that are reported on U.S. individual income tax returns.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into how Americans are drawing down their retirement savings and the role of IRA withdrawals in personal income, which is crucial for understanding household financial security and the macroeconomic implications.
Q: How is this data collected or calculated?
A: The data is collected directly from annual individual income tax returns filed with the U.S. Internal Revenue Service.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the financial security of retirees and the broader implications for consumer spending and the macroeconomy.
Q: Are there update delays or limitations?
A: There may be delays in data availability due to the time required for individuals to file tax returns and for the IRS to process the information.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Adjusted Gross Income (AGI): Taxable IRA Distributions (TIRADTSA), retrieved from FRED.