Number of Returns
This dataset tracks number of returns over time.
Latest Value
5567058.00
Year-over-Year Change
-38.79%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Number of Returns' metric tracks the total number of individual income tax returns filed with the Internal Revenue Service (IRS) each year. This data provides insight into filing behavior and overall 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' measures the total volume of personal income tax returns filed annually in the United States. This metric is a key indicator used by policymakers and economists to monitor trends in individual income, tax compliance, and broader economic conditions.
Methodology
The data is collected by the IRS through its processing of individual income tax returns.
Historical Context
The 'Number of Returns' is closely watched by government agencies, financial institutions, and economic analysts to assess the health of personal finances and the broader economy.
Key Facts
- The number of returns filed in the U.S. typically exceeds 150 million per year.
- Return volumes often correlate with employment, consumer spending, and economic growth.
- The IRS processes over 90% of individual tax returns electronically.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Returns' metric tracks the total volume of individual income tax returns filed annually with the IRS. It provides insight into tax compliance and broader economic activity.
Q: Why is this trend relevant for users or analysts?
A: The 'Number of Returns' is a key indicator used by policymakers, economists, and financial institutions to assess the health of personal finances and the overall economy.
Q: How is this data collected or calculated?
A: The data is collected directly by the IRS through its processing of individual income tax returns.
Q: How is this trend used in economic policy?
A: The 'Number of Returns' is closely monitored by government agencies and analysts to gauge economic conditions, tax compliance, and the impact of policy changes on individual incomes and tax filings.
Q: Are there update delays or limitations?
A: The IRS releases the 'Number of Returns' data on an annual basis, with a short lag time. There may be some limitations in capturing all filed returns, especially those processed later in the year.
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Citation
U.S. Federal Reserve, Number of Returns (UMPCPS), retrieved from FRED.