Upcoming data releases Recent updates Tax‐Exempt Organization Excise Taxes, Calendar Year 2023 — A table presenting data on tax-exempt organization excise taxes for Calendar Year 2023, Excise Taxes Reported by Charities, Private Foundations, and Split-Interest Trusts on Form 4720, is now available on SOI's Tax Stats webpage. The table includes organization‐level information on the number of returns and types and amounts of excise taxes reported based on information from Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code (Form 4720). (October 2024) Nonfarm Sole Proprietorships, Tax Year 2022 — Tables for Tax Year 2022 nonfarm sole proprietorships are now available on SOI's Tax Stats webpage. These tabulations provide statistics on business receipts, deductions, and net income reported by individual taxpayers on Profit or Loss from Business (Sole Proprietorship) (Schedule C, Form 1040) for nonfarm proprietors, classified by NAICS industrial sector. (October 2024) Individual Complete Report Tabulations, Tax Year 2022 — Tables from the Tax Year 2022 Individual Income Tax Returns Complete Report (Publication 1304) are now available on SOI's Tax Stats webpage. The tables are based on samples drawn from U.S. Individual Income Tax Returns (Forms 1040) filed for Tax Year 2022 and provide estimates on sources of income, adjusted gross income, deductions, taxable income, income tax, tax credits, and tax payments classified by size of adjusted gross income. (October 2024) Individual Returns with Business Attributes, Tax Year 2022 — A new table for Tax Year 2022 based on U.S. Individual Income Tax Returns (Forms 1040) with small business income and losses is now available on SOI's Tax Stats webpage. This tabulation provides detailed information about individual income tax returns with small business income and losses. This includes income or losses from Schedule C, Profit or Loss from Business, Schedule E, Supplemental Income or Loss, and Schedule F, Profit or Loss from Farming. The data are presented by selected income items, adjustments, credits, and taxes, by size of adjusted gross income. (October 2024) High-Income Tax Returns, Tax Year 2021 — High-income tax return tables for Tax Year 2021 are now available on SOI’s Tax Stats webpage. The 12 tables mainly present statistics based on U.S. Individual Income Tax Returns (Forms 1040) with adjusted gross income or expanded income greater than $200,000. Most of the data are shown for taxable and nontaxable returns, both separately and combined. The tables also look at high-income, nontaxable returns (HINTs) and the reason for nontaxability based on two tax concepts. The odd-numbered tables use the U.S. income tax concept to classify returns as taxable or nontaxable, whereas the even-numbers tables use the worldwide income tax concept. (October 2024) Notice of Data Revision — Two Tax Gap Projections publications have been updated: Publication 5869 PDF — The Tax Gap Projections for Tax Year 2022, Tax Gap Map (Figure 1) on page 10 has been revised to correct a typographical error. The corrected amount of $447 has been updated under the Net Tax Gap (Tax Not Collected): Individual Income Tax header. Publication 5870 PDF — The Tax Gap Projections for Tax Year 2022, Tax Gap Map has been revised to correct a typographical error. The corrected amount of $447 has been updated under the Net Tax Gap (Tax Not Collected): Individual Income Tax header. Base Erosion and Anti-Abuse Tax Tabulations, Tax Year 2021 — A table presenting statistics for corporations that filed Tax on Base Erosion Payments of Taxpayers With Substantial Gross Receipts (Form 8991) for Tax Year 2021 is now available on SOI’s Tax Stats webpage. The data include base erosion tax payments, tax benefits, and minimum tax, by major industrial sector, for taxpayers with an aggregated three-year average annual total gross receipt of $500 million or more. (October 2024) U.S. Corporation Returns with a Foreign Tax Credit, Tax Year 2021 — Statistics based on Foreign Tax Credit–Corporations (Form 1118) for Tax Year 2021 returns are now available in three tables on SOI's Tax Stats webpage. Table 1, U.S. Corporation Income Tax Returns with a Foreign Tax Credit, includes statistics for the number of returns, and foreign-source income, deductions, and taxes paid, accrued, or deemed paid. These statistics are available by major and selected minor industries. Table 2 includes statistics for foreign-source gross income, deductions, and taxes paid, accrued, or deemed paid by selected country. Table 3 includes statistics for the number of returns, foreign-source gross income, deductions, and taxes paid, accrued, or deemed paid by category of foreign income for which separate credit was computed. (October 2024) 2023 Program Documentation: Data Items by Forms and Schedules (Publication 5384) — The 2023 Program Documentation: Data Items by Forms and Schedules (Publication 5384) is now available on SOI's Tax Stats webpage. This publication contains the federal tax forms, schedules, and information documents selected for SOI's Tax Year 2023 studies. It is organized in two parts: Individual and Tax-Exempt studies (five subsections) and Corporation, Partnership, and International studies (three subsections). SOI works in collaboration with data users inside and outside of the federal government to develop the information collected for each SOI study. SOI bases most of its programs on stratified samples of returns for which data are collected prior to IRS audits; therefore, the data represent information as originally reported by taxpayers. Each tax form included in the SOI program is represented in this volume. The specific data items captured for each study are indicated on facsimiles of the forms and schedules. Data from certain forms and schedules are collected periodically, rather than annually. For this reason, the contents of this publication will vary somewhat from year to year. (October 2024) Estate Tax, Filing Year 2022 — Five statistical tables from the United States Estate (and Generation-Skipping Transfer) Tax Return (Form 706) for Filing Year 2022 are now available on SOI's Tax Stats webpage. Due to the relatively long filing period, estate tax returns filed in a single calendar year may be for decedents who died in several different years. Table 1 contains data from estate tax returns filed in 2022 by tax status and size of gross estate. Table 2 includes data from estate tax returns filed in 2022 by state of residence. Table 3 includes data from estate tax returns filed in 2022 by gross charitable bequests and state of residence. Table 4 includes bequests reported for estate tax returns filed in 2022 by beneficiary type. Table 5 includes net worth and net estate tax paid for estate tax returns filed in 2022 by occupation and gender. (October 2024) IRS releases 2022 tax gap projections; voluntary compliance rate among taxpayers remains steady — The Internal Revenue Service today released the tax gap projections for tax year 2022, a detailed analysis showing the nation’s projected gross tax gap at $696 billion. This reflects the difference between projected ‘true’ tax liability and the amount of tax that is actually paid on time. The new tax gap projections reflect an increase over the tax year 2014-2016 estimates and the tax year 2017-2019 projections. The 2022 projection is an increase of $200 billion over tax years 2014-2016. However, the IRS noted the increase for 2022 is similar to the 41 percent increase in the economy since the 2014-2016 time period as measured by the Gross Domestic Product. With the new study also showing the voluntary compliance rate among taxpayers remaining steady at 85%, the IRS noted the tax gap increase ultimately reflects growth in the economy and changes in the sources of income – not a change in taxpayer behavior involving filing or paying their taxes. In addition, the new tax gap projections reflect the time period before the IRS began increasing tax compliance work following passage of the Inflation Reduction Act (IRA) in August of 2022. Since then, the IRS has stepped up compliance activity in a variety of areas with the additional funding, including the agency collecting an initial $1.3 billion from high-income non-filers following IRA funding. “This is a critical study about the nation’s tax system, and the results underscore there remains a sizable tax gap between taxes that are legally owed but aren’t actually being paid,” said IRS Commissioner Danny Werfel. “While the bottom line for the new tax gap numbers shows the increase basically reflects growth in the larger economy, the size of the gap also vividly illustrates the ongoing need for adequate funding for the IRS. We need to focus both on compliance efforts to enforce existing laws as well as improving service to help taxpayers with their tax obligations to help address the tax gap. Since passage of the Inflation Reduction Act in 2022, we have taken important steps to begin improving tax compliance. While our recent work will not be fully reflected in the tax gap analysis for several years, we will continue to provide routine, interim updates on how enhanced enforcement on complex areas of tax evasion and delinquency impacts compliance.” The new projections are published in Tax Gap Projections for Tax Years 2021 and 2022 (IRS Publication 5869) PDF. Gross tax gap The projected $696 billion gross tax gap is the difference between projected ‘true’ tax liability for a given period and the amount of tax that is paid on time. The gross tax gap covers three key areas – non-filing of taxes, underreporting of taxes and underpayment of taxes. Non-filing, which means tax not paid on time by those who do not file on time: $63 billion in tax year 2022, representing 9% of the gross tax gap. Underreporting, which reflects tax understated on timely filed returns. $539 billion in tax year 2022, representing 77% of the gross tax gap. Underpayment, or tax that was reported on time, but not paid on time. $94 billion in tax year 2022, representing 14% of the gross tax gap. The primary focus on tax gap estimation is to measure compliance behavior as manifested in tax paid voluntarily and on time. The tax gap estimates and projections provide insight into the historical scale of tax compliance and to the persisting sources of low compliance. Net tax gap Late payments and IRS enforcement efforts are projected to generate an additional $90 billion on tax years 2021 and 2022 returns, resulting in a projected net tax gap of $617 billion and $606 billion respectively. Between tax years 2017-2019 and tax year 2022, the estimated tax liability increased by about 27%, roughly the same increase as the gross and net tax gaps. Much of these increases in true total tax liability and the gross tax gap can be attributed to economic growth. The IRS notes that the tax gap estimates and projections cannot fully account for all types of noncompliance. Voluntary compliance rate remains unchanged The tax year 2021 and 2022 tax gap projections translate to about 85% of taxes paid voluntarily and on time, which is consistent with recent levels. The projections are based largely upon the compliance behavior estimated from the most recent set of completed audits (from tax years 2014-2016). That estimated compliance behavior is projected forward to taxpayers in subsequent tax years to generate the gross tax gap. After IRS compliance efforts and other late payments are factored in, the projected share of taxes eventually paid is 86.9% for tax year 2022, down slightly from the 87% for tax years 2014-2016. Tax gap analysis consistently shows that compliance is higher when there is third-party information reporting, and even higher when also subject to withholding. With the help of Inflation Reduction Act resources, the IRS is taking a variety of steps to help improve voluntary compliance by improving taxpayer services and offering new technology tools to work in concert with additional compliance work. In fiscal year 2023, the latest year for which data is available, the IRS collected more than $4.6 trillion in taxes, penalties, interest and user fees. The IRS also has an array of other taxpayer service programs aimed at supporting accurate tax filing and helping address the tax gap. These range from working with businesses and partner groups such as IRS’s Volunteer Income Tax Assistance and Tax Counseling for the Elderly to a variety of education and outreach efforts. The voluntary compliance rate of the U.S. tax system is vitally important for the nation. A one-percentage-point increase in voluntary compliance would bring in about $46 billion in additional tax receipts. Projecting the tax gap Given the complexity of the tax system and available data, no single approach can be used for estimating each component of the tax gap. Each approach is subject to measurement or non-sampling error; the component estimates that are based on samples are also subject to sampling error. The projections do not fully represent noncompliance in some components of the tax system, particularly as it relates to corporate income tax, income from flow-through entities, foreign or illegal activities, digital assets and pandemic credits because data are lacking. Details on how the IRS projects the Tax Gap can be found in IRS Publication 6031: Tax Gap Projections Methodology PDF. The IRS continues to actively work on new methods for estimating and projecting the tax gap to better reflect changes in taxpayer behavior as they emerge. More information about the tax gap and estimates for prior tax years can be found at IRS: The tax gap. (October 2024) Foreign-Controlled Domestic Corporations, Tax Year 2021 — Tables for the Tax Year (TY) 2021 Foreign-Controlled Domestic Corporation study are now available on SOI's Tax Stats webpage. The tables, based on data from the Form 1120 series, include balance sheets, income statements, and tax-related data for domestic corporations with 50-percent-or-more stock ownership by a single foreign "person." The data are classified by industry group, country of ownership, age of the corporations, and sizes of total assets and business receipts. There were 149,000 federal income tax returns filed by foreign-controlled domestic corporations (FCDCs) for TY 2021. These returns accounted for just 2.2 percent of all corporate returns filed for that year. However, the FCDCs were often large companies, with a combined $16.2 trillion of assets and $6.6 trillion of receipts. They reported 11.4 percent of the assets and 16.7 percent of the receipts of all corporations. Manufacturing companies accounted for $2.8 trillion of the FCDC receipts. Domestic companies with Japanese owners produced $1.0 trillion of receipts, followed by owners from the Netherlands ($0.9 trillion) and the United Kingdom ($0.8 trillion). Established corporations (those incorporated in 2018 or before) produced $6.4 trillion of receipts. Large corporations, each with $2.5 billion or more of assets and those each with $1.0 billion or more or business receipts, accounted for $4.4 trillion and $5.1 trillion of receipts, respectively. (September 2024) Individual Income Tax Returns for Estates and Trusts, Tax Year 2019 — A table presenting data from the population of U.S. Income Tax Return for Estates and Trusts (Form 1041) filed with the IRS for Tax Year 2019 and having a fiscal year ending in December is now available on SOI's Tax Stats webpage. Data are categorized by taxable income status and size of total income. Number of returns filed as well as aggregated dollar amounts for income line items, deductions and exemptions, taxable income, and tax liability are included for each category. (September 2024) Nonprofit Charitable and Other Tax-Exempt Organizations, Tax Year 2021 — Four tables containing data from SOI's Tax Year 2021 study of tax-exempt organizations (excluding private foundations) are now available on SOI's Tax Stats webpage. The tables contain balance sheet, income statement, and functional expense data from Return of Organization Exempt from Income Tax (Form 990) and the corresponding short form (Form 990-EZ) filed by organizations exempt under Internal Revenue Code (IRC) sections 501(c)(3) through (c)(9). Data are classified by total end-of-year assets and IRC section. The release also includes microdata and documentation from the SOI exempt organization sample study used to create the tables. (September 2024) 2021 Corporation Income Tax Returns Line Item Estimates (Publication 5108) — The 2021 Corporation Income Tax Returns Line Item Estimates (Publication 5108) is now available on SOI's Tax Stats webpage. The publication presents estimates of frequencies of taxpayer entries recorded on the applicable lines of the forms and schedules filed with corporation income tax returns as shown in the 2021 Statistics of Income (SOI) Corporation Income Tax Return Complete Report (Publication 16). Publication 5108 also contains corresponding population estimates of dollar amounts recorded on those lines (as applicable). Tax Year 2008 is the first year of availability for these data. (September 2024) Section 250 Deduction, Tax Year 2021 — Tables presenting statistics from Section 250 Deduction for Foreign-Derived Intangible Income (FDII) and Global Intangible Low-Taxed Income (GILTI) (Form 8993) for Tax Year 2021 are now available on SOI’s Tax Stats webpage. This biennial study provides data on U.S. corporations' FDII and GILTI deductions under section 250 and its related regulations. Table 1 contains statistics on selected items from Form 8993 by type of deduction claimed. Table 2 contains statistics on selected items by industrial sector of the corporation. (September 2024) Global Intangible Low-Tax Income (GILTI) Statistics, Tax Year 2021 — Tables presenting statistics for corporations that filed a U.S. Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI) (Form 8992) for Tax Year 2021 are now available on SOI’s Tax Stats webpage. Table 1 includes statistics on GILTI components (i.e., tested income (loss), interest expense) by size of assets of the parent corporation. Table 2 includes statistics by sector and selected major industry of the parent corporation. (September 2024) Transactions of Foreign-Owned Domestic Corporations, Tax Year 2021 — Data tables and the Line Item Counts (Publication 5314) presenting statistics from Information Return of a 25% Foreign-Owned Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business (Form 5472) filed with the IRS for Tax Year 2021 are now available on SOI's Tax Stats webpage. Table 1 includes statistics for financial transactions (such as stock purchases or interest payments) between corporations and related foreign persons classified by the NAICS industrial sector of the domestic corporation. Table 2 includes statistics for financial transactions by selected country of residence of the related foreign person. Publication 5314 provides aggregated line item counts and data amounts for those items tabulated from Form 5472 filed by foreign-owned domestic corporations with total receipts of $500 million or more and who filed Form 5472 with their income tax returns. (September 2024) 2021 Corporation Income Tax Returns Complete Report (Publication 16) — Tables presenting statistics from U.S. Corporation Income Tax Returns (Form 1120 series), are now available on SOI's Tax Stats webpage. These tables present comprehensive data on corporation income tax returns with accounting periods ending July 2021 through June 2022. Statistics are presented by industry, asset size, business receipts size, tax form type, and other selected classifiers. Separate tabulations of data reported on U.S. Income Tax Return for an S Corporation (Form 1120-S), are also included. (September 2024) Heavy Highway Vehicle Use Statistical Table, Calendar Year 2024 — A table presenting national statistics on the number of Heavy Highway Vehicle Use Tax Returns (Form 2290) filed electronically by month is now available on SOI's Tax Stats webpage. The updated table includes the number of filings through the second quarter of Calendar Year 2024. (September 2024) 2024 Calendar Year Projections of Information and Withholding Documents for the United States and IRS Campuses (Publication 6961) Update — The 2024 Calendar Year Projections of Information and Withholding Documents for the United States and IRS Campuses publication is now available on SOI’s Tax Stats webpage. The annual update presents multi-year projections of the number of information and withholding returns to be filed with the IRS at the U.S. and IRS campus levels by processing categories important to IRS planning operations, including form type and filing medium. The forecasts of selected paper returns are also shown by IRS Processing Campus locations. (September 2024) Fiscal Year Return Projections for the United States: 2024-2031, Spring Issue (Publication 6292) — The Spring 2024 issue of Fiscal Year Return Projections for the United States: 2024-2031 (Publication 6292) is now available on SOI's Tax Stats webpage. This semiannual publication contains United States-level projections of the number of tax returns for Fiscal Years (FYs) 2024–2031 of approximately 50 different individual, business, and tax-exempt return types (e.g., Forms 1040, 1120, 941, and 990) to be filed by major return categories and by IRS business operating divisions. There is also additional detail by medium of filing (paper versus electronic) and actual number of returns filed for FY 2023. (September 2024) Notice of revised release dates September 26: Income Tax Returns for Estates and Trusts, Tax Year 2019 October 17: 2023 Program Documentation: Data Items by Forms and Schedules, Publication 5384 (Document 6991) November 26: Individuals, Withholding on Foreign Recipients of U.S. Income, Calendar Year 2022 November 27: Partnerships, Final Tables, Tax Year 2022 November 27: 2022 Partnerships Returns Line-Item Estimates (Publication 5035) December 3: Corporations, International Boycott Report, Tax Year 2022 December 3: Corporations, Controlled Foreign Corporations, Tax Year 2021 December 3: Partnerships, Withholding on Foreign Recipients of U.S. Income, Calendar Year 2021 2024 SOI Bulletin, Summer issue (Publication 1136) — The 2024 SOI Bulletin, Summer issue (Publication 1136) is now available on SOI's Tax Stats webpage. Articles included in this publication provide data available from various tax and information returns filed by U.S. taxpayers. This issue of the SOI Bulletin includes an article on the following topic: Sole Proprietorship Returns, Tax Year 2021. SOI publishes the Statistics of Income Bulletin quarterly: winter, spring, summer, and fall. (August 2024) Federal excise tax, fiscal year 2023 — The Federal Excise Taxes or Fees Reported to or Collected by the Internal Revenue Service, Alcohol and Tobacco Tax and Trade Bureau, and U.S. Customs and Border Protection by Type of Excise Tax data table has been updated with Fiscal Year 2023 data. The table is available on SOI’s Tax Stats webpage. The updated information includes data on the permanently reinstated Superfund taxes applied to domestic crude oil and imported petroleum products, as mandated by the Inflation Reduction Act. These taxes took effect on January 1, 2023, at a rate of 16.4 cents per barrel for 2023 with annual adjustments for inflation scheduled thereafter. (August 2024) Tax-exempt private activity and governmental bonds, calendar year 2021 — Updated tax-exempt bond data for private activity and governmental bonds issued in Calendar Year 2021 are now available on Statistics of Income’s (SOI’s) Tax Stats webpage. The SOI studies of tax‐exempt bonds include data obtained from Form 8038, Information Return for Tax‐Exempt Private Activity Bonds, and Form 8038‐G, Information Return for Tax‐Exempt Governmental Bonds, filed and processed by the Internal Revenue Service after the bonds are issued. Tabulated data regarding issuance volumes, the types of projects financed, and state‐by‐state breakdowns are available. (August 2024) Tax-exempt organizations, annual financial extracts, calendar year 2023 — Three new extracts of tax-exempt organizations' financial data for Calendar Year (CY) 2023 are now available on SOI's Tax Stats webpage. These annual extracts contain selected financial data from the Return of Organization Exempt from Income Tax (Form 990), the Short Form Return of Organization Exempt from Income Tax (Form 990-EZ), and the Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation (Form 990-PF) processed for program administrative purposes during CY 2023. Supporting documentation is also available. (July 2024) Late-May filing season statistics for individuals, tax year 2023 – A table providing data collected from U.S. Individual Income Tax Returns (Forms 1040) filed and processed through May 23, 2024, for Tax Year 2023 is now available on SOI's Tax Stats webpage. These data include selected income items, adjustments, credits, and taxes, by size of adjusted gross income. (July 2024) Tax-exempt organizations (private foundations), tax year 2020 – Tables based on data from a sample of Tax Year 2020 Return of Private Foundations (Forms 990-PF) filed with the IRS are now available on SOI's Tax Stats webpage. The four tables include estimates for the number of returns, income statement and balance sheet items, excise tax on net investment income, and charitable distribution information for these organizations. SOI classified the statistics by organization type, operating and grant-making status, and size of the fair market value of total assets. Additionally, there are three updated historical tables presenting selected items for Tax Years 1985–Tax Year 2020. (June 2024) State and county migration data, 2021–2022 – The state- and county-level migration data for 2021–2022 for the United States are now available on SOI’s Tax Stats webpage. These data show migration flows for states and counties in separate datasets. The data include aggregate migration by state, size of adjusted gross income, and age of the primary taxpayer. These data are based on year-to-year address changes reported on individual income tax returns filed with the IRS. The data present migration patterns by state or county for the entire United States and are available for inflows (the number of new residents who moved to a state or county and from where they migrated) and outflows (the number of residents who left a state or county and where they migrated to). (June 2024) 2021 Individual Information Returns, Line Item Estimates (Publication 5385) – The Tax Year 2021 Individual Information Returns, Line Item Estimates (Publication 5385) is now available on SOI's Tax Stats webpage. The publication provides estimates of frequencies and amounts of the entries on the lines of the forms filed for selected information returns that accompany the 2021 SOI Individual Income Tax Returns Complete Report weighted file. The estimates are based on returns filed in Processing Year 2022 that were sampled statistically and then weighted to estimate the entire 2021 Tax Year. (May 2024) 2023 IRS Research Bulletin (Publication 1500) — The 2023 IRS Research Bulletin (Publication 1500) is now available on SOI's Tax Stats webpage. The current edition features selected papers from the 13th annual IRS-Tax Policy Center Joint Research Conference on Tax Administration held on June 22, 2023, at the Brookings Institution in Washington, DC. The topics covered in the papers focused on taxpayer service, estimating audit aftershocks, understanding contemporary taxpayers, and hidden assets and networks. This volume will enable IRS executives, managers, employees, stakeholders, and tax administrators elsewhere to stay abreast of the latest trends and research findings affecting tax administration. (May 2024) 2024 SOI Bulletin, Spring Issue (Publication 1136) — The 2024 SOI Bulletin, Spring Issue (Publication 1136) is now available on SOI's Tax Stats webpage. Articles included in this publication provide data available from various tax and information returns filed by U.S. taxpayers. This issue of the SOI Bulletin includes articles on the following topics: Individual Income Tax Returns, Preliminary Data, Tax Year 2022 and Personal Wealth, Tax Year 2019. SOI publishes the Statistics of Income Bulletin quarterly: winter, spring, summer, and fall. (May 2024) Tax year 2022 individual income tax returns preliminary data — A data table which contains preliminary individual income tax returns data for Tax Year 2022 is available on SOI's Tax Stats webpage. The table includes data on income, adjustments, credits, and taxes. It also contains information on returns filed through September 2023 weighted up to represent a full year of data. (April 2024) Tax year 2021 individual noncash charitable contributions — Five tables presenting data for all individual income tax returns that reported noncash charitable contributions for Tax Year 2021 on Noncash Charitable Contributions (Form 8283) are now available on SOI's Tax Stats webpage. These tables are also based on data reported on U.S. Individual Income Tax Return (Form 1040) and Itemized Deductions (Schedule A). The data detail the number of returns, number of donations, donor's cost, fair market value, and amount carried to Schedule A. Data are categorized by donation type, donor type, size of adjusted gross income, and donor age. (April 2024) 2023 IRS Data Book (Publication 55-B) — Statistics of Income has released the Internal Revenue Service (IRS) 2023 Data Book. This publication provides a snapshot of agency activities for Fiscal Year (FY) 2023 (Oct. 1, 2022–Sept. 30, 2023). In addition to information on taxes collected and returns processed, the report also includes information about taxpayer assistance, enforcement, and the IRS budget and workforce, among others. For example, the IRS collected more than $4.7 trillion in gross taxes. The agency processed almost 271.5 million federal tax returns during FY 2023 and issued about $659.1 billion in tax refunds. In FY 2023 the IRS assisted nearly 60.3 million taxpayers that called or visited an IRS office. Additionally, the agency provided self-assistance to taxpayers through more than 880.9 million visits to IRS.gov, including 303.1 million inquiries to the "Where's My Refund?" tool. (April 2024) Corporations, Multinational Enterprise (Form 8975/8975, Schedule A) Study, tax year 2021 — Seven new tables presenting data from Form 8975, Country-by-Country Report and Form 8975, Schedule A, Tax Jurisdiction and Constituent Entity Information are now available on SOI's Tax Stats webpage. The tables present data from the estimated populations of corporate and partnership returns filed for Tax Year 2021. Five tables display the number of filers, revenues, profits, income taxes, earnings, number of employees, and tangible assets. The first three tables are classified by major geographic regions and selected tax jurisdictions; the fourth is classified by major industry groups, geographic regions, and selected tax jurisdictions; and the fifth is classified by the effective tax rate of multinational enterprise subgroups. A sixth table is classified by the effective tax rates of multinational enterprise subgroups, major geographic regions, and selected tax jurisdictions; and the seventh displays the number of constituent entities classified by major geographic regions, selected tax jurisdictions, and main business activities. (April 2024) 2024 SOI Bulletin, Winter issue (Publication 1136) — The 2024 SOI Bulletin, Winter issue (Publication 1136) is now available on SOI's Tax Stats webpage. Articles included in this publication provide data available from various tax and information returns filed by U.S. taxpayers. This issue of the SOI Bulletin includes an article on the following topic: High Income Tax Returns for Tax Year 2020. SOI publishes the Statistics of Income Bulletin quarterly: winter, spring, summer, and fall. (March 2024) County data, tax year 2021 — County Data tables for Tax Year 2021 are now available on SOI's Tax Stats webpage. The data present selected income and tax return items from the Form 1040, U.S. Individual Income Tax Return broken out by county-level geography for approximately 3,000 counties across the United States. A documentation guide providing an overview of the data, nature of changes, disclosure protection procedures, definitions, and items included is also available. New items this year include the Qualified Sick and Family Leave Credit for leave taken after March 31, 2021, the Refundable Child and Dependent Care Credit, and the Economic Impact Payment third round. See the documentation guide for the full list of items. SOI collects these data as part of its annual program on Individual Income Tax Return Statistics, specifically Data by Geographic Areas, County Data. (February 2024) Metropolitan and micropolitan data, tax year 2021 — Data tables for Tax Year 2021 are now available on SOI's Tax Stats webpage. The data present selected income and tax return items from the Form 1040, U.S. Individual Income Tax Return based on SOI's county data. The information provides for more in-depth analysis as it contains urban core populations of 50,000 or more for metro areas and at least 10,000 (but less than 50,000) for micro areas. A documentation guide providing an overview of the data, nature of changes, definitions, and items included is also available. New items this year include the Qualified Sick and Family Leave Credit for leave taken after March 31, 2021, the Refundable Child and Dependent Care Credit, and the Economic Impact Payment third round (see documentation guide for the full list of items). SOI collects these data as part of its annual program on Individual Income Tax Return Statistics, specifically Data by Geographic Areas, County, Metropolitan and Micropolitan Data. (February 2024) Congressional district data, tax year 2021 — Congressional district data for Tax Year 2021 are now available on SOI's Tax Stats webpage. The data present selected income and tax return items from the Form 1040, U.S. Individual Income Tax Return covering the 435 congressional districts in the 50 states and the District of Columbia. Districts boundaries are based on the 117th Congress. A documentation guide providing an overview of the data, nature of changes, disclosure protection procedures, definitions, and items included is also available. New items this year include the Qualified Sick and Family Leave Credit for leave taken after March 31, 2021, the Refundable Child and Dependent Care Credit, and the Economic Impact Payment third round. See the documentation guide for the full list of items. SOI collects these data as part of its annual program on Individual Income Tax Return Statistics, specifically Data by Geographic Areas, Congressional District Data. (February 2024) High-income tax returns, tax year 2020 — High-Income Tax Returns Tables for Tax Year 2020 are now available on SOI's Tax Stats webpage. The 12 tables mainly present individual income tax returns with adjusted gross income or expanded income greater than $200,000. Most of the data are shown for taxable and nontaxable returns, both separately and combined. The tables also look at high-income, nontaxable returns (HINTs) and the reason for nontaxability. The odd-numbered tables use the U.S. income tax concept to classify returns as taxable or nontaxable, whereas, the even-numbered tables use the worldwide income concept. (February 2024) ZIP code data, tax year 2021 — Tables for ZIP code data for Tax Year 2021 are now available on SOI's Tax Stats webpage. The data present selected income and tax return items from the redesigned Form 1040, U.S. Individual Income Tax Return by ZIP code level geography for approximately 43,000 ZIP codes across the United States. A documentation guide providing an overview of the data, nature of changes, disclosure protection procedures, definitions, and items included is also available. New items this year include the Qualified Sick and Family Leave Credit for leave taken after March 31, 2021, the Refundable Child and Dependent Care Credit, and the Economic Impact Payment third round. SOI collects these data as part of its annual program on Individual Income Tax Return Statistics, specifically Data by Geographic Areas, ZIP Code Data. (February 2024) State data, tax year 2021 — State data for Tax Year 2021, which include all 50 states, the District of Columbia, other areas, and Puerto Rico, for Tax Year are now available on SOI's Tax Stats webpage. The data present selected income and tax return items from the Form 1040, U.S. Individual Income Tax Return. A documentation guide providing an overview of the data, nature of changes, definitions, and items included is also available. New items this year include the Qualified Sick and Family Leave Credit for leave taken after March 31, 2021, the Refundable Child and Dependent Care Credit, and the Economic Impact Payment third round. See the documentation guide for the full list of items. SOI collects these data as part of its annual program on Individual Income Tax Return Statistics, specifically Data by Geographic Areas, State Data. (February 2024) Adjusted Gross Income (AGI) percentiles by state, tax year 2021 — AGI Percentiles by State for Tax Year 2021 are now available on the SOI Tax Stats webpage. The data present the number of returns, total income tax, AGI floor percentiles, average tax rates, and sources of income, by selected descending cumulative percentiles. The data include all 50 states, as well as the District of Columbia. (February 2024) 2021 Individual Income Tax Returns Line Item Estimates (Publication 4801) — The 2021 Individual Income Tax Returns Line Item Estimates (Publication 4801) is now available on SOI's Tax Stats webpage. This publication provides estimates of frequencies and amounts of the entries on the lines of the forms and schedules filed with individual tax returns as shown on the 2021 Individual Income Tax Returns Complete Report weighted file. The estimates are based on returns filed in Processing Year 2022 that were sampled statistically and then weighted to estimate the entire 2021 Tax Year. (February 2024) Mid-November filing season statistics for individuals, tax year 2022 — The Mid-November Filing Season Statistics for Individuals, Tax Year 2022, table, which provides data collected from U. S. Individual Income Tax Returns (Forms 1040) filed and processed through November 23, 2023, for Tax Year 2022, is now available on SOI's Tax Stats webpage. These data include selected income items, adjustments, credits, and taxes, by size of adjusted gross income. (January 2024) Notice of data revision — Two tables in the IRS Data Book have been updated: Table 22 — The Fiscal Year 2021 amount of additional assessments has been revised due to a typo. The corrected amount is now included in the revised table. Table 30 — The Fiscal Year (FY) 2022 personnel and compensated benefits amount for FY 2022 erroneously omitted $300,000 in regulatory costs charged to the appropriations received through the No Surprises Act (P.L. 116-260). The corrected amount and related totals are now included in the revised table. (January 2024) Heavy Highway Vehicle Use statistical table, calendar year 2023 — A table presenting national statistics on the number of Heavy Highway Vehicle Use Tax Returns (Form 2290) filed electronically by month is now available on SOI's Tax Stats webpage. The updated table includes the number of filings through the third quarter of Calendar Year 2023. (December 2023) Calendar Year Return Projections by State: 2023–2030 (Publication 6149) — The 2023 update of Calendar Year Return Projections by State: 2023–2030 (Publication 6149) is now available on SOI's Tax Stats webpage. This annual publication contains multiyear calendar year projections of the number of tax returns to be filed with the IRS by State. The publication includes detailed projections by individual, business, and tax-exempt organization return types, such as Form 1040, Form 1120, Form 941, and Form 990. There are additional details by medium of filing (paper versus electronic). (December 2023) Calendar Year Projections for the United States and the IRS Campuses: 2023–2030 (Publication 6186) — The 2023 update of Calendar Year Projections for the United States and IRS Campuses (Publication 6186) is now available on SOI's Tax Stats webpage. This annual publication presents detailed projections of approximately 50 different types of individual, business, and tax-exempt return types (including Forms 1040, 1120, 941, and 990) to be filed for the U.S. in future calendar years and submitted to IRS campuses for processing. It also includes projections for the number of returns to be filed by IRS examination class. (December 2023) 2023 Calendar Year Projections of Individual Returns by Major Processing Categories (Publication 6187) — The 2023 Calendar Year Projections of Individual Returns by Major Processing Categories (Publication 6187) is now available on SOI's Tax Stats webpage. This publication presents multiyear projections of the number of individual Form 1040 series returns to be filed with the IRS by categories important to IRS planning operations, including filing medium (paper versus electronic) and other characteristics, such as refund returns. Forecasts are shown at the national level and selected portions are shown by State and IRS Processing Campus locations. This publication is updated annually and incorporates the latest changes in legal, regulatory, administrative, and recent filing experiences. (December 2023) Fiscal Year Return Projections for the United States: 2023–2030, Publication 6292 (Fall issue) — The Fall 2023 issue of Fiscal Year Return Projections for the United States: 2023–2030 (Publication 6292) is now available on SOI's Tax Stats webpage. This semiannual publication contains United States-level projections of the number of tax returns for Fiscal Years (FYs) 2023 to 2030 of approximately 50 different individual, business, and tax-exempt return types (e.g., Forms 1040, 1120, 941, and 990) to be filed by major return categories and by IRS business operating divisions. There is also additional detail by medium of filing (paper versus electronic) and actual number of returns filed for FY 2022. (December 2023) Notice of data revision — The 2020–2021 Gross Migration Excel File has been updated. The previous file had incorrect counts for the number of individuals. The number of individuals as reported in the Gross Migration CSV File are correct and did not require an update. (December 2023) 2021 Partnership Returns Line Item Estimates (Publication 5035) — The 2021 Partnership Returns Line Item Estimates (Publication 5035) is now available on SOI's Tax Stats webpage. This publication presents estimates of frequencies of filer entries recorded on the applicable lines of the forms and schedules filed with partnership returns for Tax Year 2021. It also contains corresponding population estimates of dollar amounts recorded on those lines, as applicable. (December 2023) Partnership returns, tax year 2021 — Eighteen tables containing Tax Year 2021 statistics for partnerships from U.S. Return of Partnership Income (Form 1065), including statistics on the types of partnerships and specific industrial sectors, are now available on SOI's Tax Stats webpage. The statistics cover balance sheets, trade or business income and deductions, portfolio income, rental income (including rental real estate income), and total net income. Data are classified by industry and size of total assets. Two historical tables (SOI Bulletin, Historical Tables 11 and 12) for partnerships are also available which have been updated with Tax Year 2021 statistics providing balance sheet and income statement data, as well as counts of partnership returns based on size of assets and receipts. (December 2023) Unincorporated business state and county data, tax year 2021 — Three new state and county tables presenting selected financial information on sole proprietorships and partnerships are now available on SOI's Tax Stats webpage. Sole proprietorships reported their information on Profit or Loss From Business (Form 1040, Schedule C), while partnerships filed U.S. Return of Partnership Income (Form 1065). The State sole proprietorship and partnership data are each classified by 3-digit North American Industry Classification System (NAICS) subsectors or 4-digit NAICS industry group levels; the county data, where sole proprietorship and partnership information are combined, are classified by 2-digit sector levels. The information is drawn from unedited IRS administrative records for Tax Year 2021. (December 2023) International Boycott study, tax year 2021 — A new table presenting data from the International Boycott Report (Form 5713) for Tax Year 2021 is now available on SOI's Tax Stats webpage. This table includes e-filed data from taxpayers who received requests to participate in international boycotts not sanctioned by the United States. Per Internal Revenue Code section 999(a), taxpayers are to report these operations annually with their Federal income tax returns. SOI collects these data from e-filed Form 5713 as part of its study on International Business Tax Statistics, International Boycotts. (November 2023) Withholding on dispositions by foreign persons of U.S. real property interests, calendar year 2020 — A new table presenting data for Calendar Year 2020 from Withholding Tax on Dispositions of U.S. Real Property Interests by Foreign Persons (Form 8288-A) is now available on SOI's Tax Stats webpage. The table presents the number of returns reporting the sales price of U.S. real property interest, Federal income tax withheld, and country of residence of foreign persons as reported on Form 8288-A. (November 2023) Nonprofit charitable and other tax-exempt organizations, tax year 2020 — Four tables containing data from SOI's Tax Year 2020 study of tax-exempt organizations (excluding private foundations) are now available on SOI's Tax Stats webpage. The tables contain balance sheets, income statements, and functional expense data from Return of Organization Exempt from Income Tax (Form 990) and the corresponding short form (Form 990-EZ) filed by organizations exempt under Internal Revenue Code (IRC) sections 501(c)(3) through (c)(9). Data are classified by total end of year assets and IRC section. The release also includes microdata and documentation from the SOI exempt organization sample study used to create the tables. (November 2023) Foreign recipients of U.S. income, tax year 2021 — Three tables from SOI's Foreign Recipients of U.S. Income Study, Tax Year 2021 are now available on SOI's Tax Stats webpage. The tables present data from Foreign Person's U.S. Source Income Subject to Withholding (Form 1042-S). Tables 1 and 2 include statistics for the number of returns, total income, tax withheld, income subject to withholding, income exempt from withholding, and income by category. Data are available by selected countries and recipient types. Table 3 presents data for returns reporting payments and amounts withheld pursuant to Chapter 4 of the Internal Revenue Code. Table 3 also includes statistics for the number of returns, total income, tax withheld, income subject to withholding, and income exempt from withholding. Data are available by selected income types. (November 2023) Partnerships, withholding on foreign recipients of U.S. income, tax year 2020 — A new table presenting information from the Foreign Partner's Information Statement of Section 1446 Withholding Tax (Form 8805) is now available on SOI's Tax Stats webpage. The table, Foreign Recipients of U.S.-Source Partnership Income, Tax Year 2020, provides data by country of residence on the number of Forms 8805 filed, taxable income (or loss) allocable to foreign partners (income less loss, income, and loss), and U.S. tax withheld. (November 2023) 2023 SOI Bulletin, Fall issue (Publication 1136) —The 2023 SOI Bulletin, Fall issue (Publication 1136) is now available on SOI's Tax Stats webpage. Articles included in this publication provide data available from various tax and information returns filed by U.S. taxpayers. This issue of the SOI Bulletin includes an article on the following topic: Partnership Returns, Tax Year 2021. SOI publishes the Statistics of Income Bulletin quarterly: winter, spring, summer, and fall. (November 2023) Individual complete report tabulations, tax year 2021 — Tables from the Tax Year 2021 Individual Income Tax Returns Complete Report (Publication 1304) are now available on SOI's Tax Stats webpage. The tables are based on samples drawn from the U.S. Individual Income Tax Returns (Forms 1040) filed for Tax Year 2021 and provide estimates on sources of income, adjusted gross income, deductions, taxable income, income tax, tax credits, and tax payments classified by size of adjusted gross income. (November 2023) Nonfarm sole proprietorships, tax year 2021 — Tables for Tax Year 2021 nonfarm sole proprietorships are now available on SOI's Tax Stats webpage. These tabulations provide statistics on business receipts, deductions, and net income reported by individual taxpayers on Profit or Loss From Business (Sole Proprietorship) (Schedule C, Form 1040) for nonfarm proprietors, classified by industry group. (November 2023) Individual returns with business attributes, tax year 2021 — A new table for Tax Year 2021 Individual Income Tax Returns with Small Business Income and Losses is now available on SOI's Tax Stats webpage. This tabulation provides detailed information about Individual Income Tax Returns with Small Business Income and Losses. This includes income from Schedule C, Profit or Loss from Business, Schedule E, Supplemental Income or Loss, and Schedule F, Profit or Loss from Farming. (November 2023) 2023 Calendar Year Projections of Information and Withholding Documents for the United States and IRS Campuses (Publication 6961) update — The 2023 Calendar Year Projections of Information and Withholding Documents for the United States and IRS Campuses is now available on SOI's Tax Stats webpage. The publication presents multi-year projections of the number of information and withholding returns to be filed with the IRS by processing categories important to the IRS planning operations, including form type and filing medium. The forecasts of selected paper returns are also shown by IRS Processing Campus locations. (September 2023) Heavy Highway Vehicle Use tax returns, calendar years 2014-2023, Q2 release — The Q2 release of the Heavy Highway Vehicle Use Tax Returns for Calendar Years 2014-2023 is now available on SOI's Tax Stats webpage. This study provides the number of electronically filed Heavy Highway Vehicle Use Tax Returns (Forms 2290) by month at the national level. SOI updates these data two times per calendar year. This study is included in a series of statistical Projections of Federal Tax Return Filings, Supplemental Tables. (September 2023) Fiscal Year Return Projections for the United States: 2023-2030, Publication 6292 (Spring 2023) — The Spring 2023 issue of Fiscal Year Return Projections for the United States (Publication 6292) is now available on SOI's Tax Stats webpage. This semiannual publication contains United States-level projections of the number of tax returns for Fiscal Years 2023–2030 of approximately 50 different individual, business, and tax-exempt return types (e.g., Forms 1040, 1120, 941, and 990) to be filed by major return categories and by IRS business operating divisions. There is also additional detail by medium of filing (paper versus electronic) and actual number of returns filed for FY 2022. (September 2023) 2022 Program Documentation: Data Items by Forms and Schedules (Publication 5384) — The 2022 Program Documentation: Data Items by Forms and Schedules (Publication 5384) is now available on SOI's Tax Stats webpage. This publication contains the federal tax forms, schedules, and information documents selected for SOI's Tax Year 2022 studies. It is organized in two parts: SOI works in collaboration with data users inside and outside of the federal government to develop the information collected for each SOI study. SOI bases most of its programs on stratified samples of returns for which data are collected prior to IRS audits; therefore, the data represent information as originally reported by taxpayers. Each tax form included in the SOI program is represented in this volume. The specific data items captured for each study are indicated on facsimiles of the forms and schedules. Data from certain forms and schedules are collected periodically, rather than annually. For this reason, the contents of this publication will vary somewhat from year to year. (September 2023) Foreign-controlled domestic corporations, tax year 2020 — Tables for the Tax Year (TY) 2020 Foreign-Controlled Domestic Corporation study are now available on SOI's Tax Stats webpage. The tables, based on data from the Form 1120 series, include balance sheets, income statements, and tax-related data for domestic corporations with 50-percent-or-more stock ownership by a single foreign "person." The data are classified by industry group, country of ownership, age of the corporations, and new for this year, sizes of total assets and business receipts. There were 137,000 federal income tax returns filed by foreign-controlled domestic corporations (FCDCs) for TY 2020. These returns accounted for just 2.1 percent of all corporate returns filed for that year. However, the FCDCs were often large companies, with a combined $14.9 trillion of assets and $5.5 trillion of receipts. They reported 12.0 percent of the assets and 16.4 percent of the receipts of all corporations. Manufacturing companies accounted for $2.4 trillion of the FCDC receipts. Domestic companies with Japanese owners produced $0.8 trillion of receipts, followed closely by owners from the United Kingdom and the Netherlands ($0.7 trillion each). Established corporations (those incorporated in 2017 or before) produced $5.2 trillion of receipts. Large corporations, each with $2.5 billion or more of assets and those each with $1.0 billion or more or business receipts, accounted for $3.6 trillion and $4.1 trillion of receipts, respectively. (October 2023) 2020 Corporation Income Tax Returns Complete Report (Publication 16) — Tables presenting statistics from Forms 1120, U.S. Corporation Income Tax Returns, are now available on SOI's Tax Stats webpage. These tables present comprehensive data on corporation income tax returns with accounting periods ending July 2020 through June 2021. Statistics are presented by industry, asset size, business receipts size, tax form type, and other selected classifiers. Separate tabulations of data reported on Form 1120-S, U.S. Income Tax Return for an S Corporation, are also included. (October 2023) U.S. corporation returns with a Foreign Tax Credit, tax year 2020 — Statistics based on Foreign Tax Credit--Corporations (Form 1118) for Tax Year 2020 returns are now available on SOI's Tax Stats webpage. Table 1, U.S. Corporation Returns with a Foreign Tax Credit, includes statistics for the number of returns, and foreign-source income, deductions, and taxes paid, accrued or deemed paid. These statistics are available by major and selected minor industries. Table 2 includes statistics for foreign-source gross income, deductions, and taxes paid, accrued, or deemed paid by selected country. Table 3 includes statistics for the number of returns, foreign-source gross income, deductions, and taxes paid, accrued, or deemed paid by category of foreign income for which separate credit was computed. (October 2023) 2020 Corporation Income Tax Returns Line Item Estimates (Publication 5108) — The 2020 Corporation Income Tax Returns Line Item Estimates (Publication 5108) is now available on SOI's Tax Stats webpage. The publication presents estimates of frequencies of taxpayer entries recorded on the applicable lines of the forms and schedules filed with corporation income tax returns as shown in the 2020 Statistics of Income (SOI) Corporation Income Tax Return Complete Report (Publication 16). Publication 5108 also contains corresponding population estimates of dollar amounts recorded on those lines (as applicable). Tax Year 2008 is the first year of availability for these data. (October 2023) 2022 Statistics of Income Program Documentation: Data Items by Forms and Schedules (Publication 5384) — The 2022 Program Documentation: Data Items by Forms and Schedules (Publication 5384) is now available on SOI's Tax Stats webpage. This publication contains the federal tax forms, schedules, and information documents selected for SOI's Tax Year 2022 studies. It is organized in two parts. SOI works in collaboration with data users inside and outside of the federal government to develop the information collected for each SOI study. SOI bases most of its programs on stratified samples of returns for which data are collected prior to IRS audits; therefore, the data represent information as originally reported by taxpayers. Each tax form included in the SOI program is represented in this volume. The specific data items captured for each study are indicated on facsimiles of the forms and schedules. Data from certain forms and schedules are collected periodically, rather than annually. For this reason, the contents of this publication will vary somewhat from year to year. (September 2023) Notice of revised release dates October 5: Corporations, Corporation Income Tax Returns Complete Report (Publication 16), TY 2020 October 5: Corporations, Foreign-Controlled Domestic, TY 2020 October 5: Corporations, Income Tax Returns Line Item Estimates (Publication 5108), TY 2020 November 30: Nonfarm Sole Proprietorships, Tax Year 2021 November 30: Individual Returns with Business Attributes, Tax Year 2021 November 30: 2021 Individual Income Tax Returns Complete Report (Publication 1304) December 5: State Data, Tax Year 2021 December 5: State Income Tax Percentile Tabulations, Tax Year 2021 December 7: ZIP Code Data, Tax Year 2021 December 7: Congressional District Data, Tax Year 2021 December 12: County Data, Tax Year 2021 December 12: Metropolitan and Micropolitan Data, Tax Year 2021 January 4, 2024: 2021 Individual Income Tax Returns Line Item Estimates (Publication 4801) Tax-exempt private activity and governmental bonds, calendar year 2020 — Updated tax‐exempt bond data for governmental bonds issued in Calendar Year 2021 are now available on SOI's Tax Sats webpage. The tables show data from Information Return for Tax-Exempt Governmental Bonds (Form 8038) on the term of issue, purpose, bond size, and uses of bond proceeds. (September 2023) Federal excise taxes, fiscal year 2022 — The data table, "Federal Excise Taxes or Fees Reported to or Collected by the Internal Revenue Service, Alcohol and Tobacco Tax and Trade Bureau, and Customs Service, by Type of Excise Tax," has been updated with Fiscal Year 2022 data and is now available on SOI's Tax Stats webpage. Federal excise tax data are available beginning from Fiscal Year 1999. (September 2023) Tax‐exempt organizations excise taxes, calendar year 2022 — The Tax‐Exempt Organizations Excise Taxes, Calendar Year 2022 table presenting Calendar Year 2022 data for charities, private foundations, and split‐interest trusts reporting excise taxes is now available on SOI's Tax Stats webpage. The table includes organization‐level information on the types and amounts of excise taxes reported based on information from Form 4720, Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code. (September 2023) 2023 SOI Bulletin, Summer Issue (Publication 1136) — The 2023 SOI Bulletin, Summer Issue (Publication 1136) is now available on SOI's Tax Stats webpage. Articles included in this publication provide data available from various tax and information returns filed by U.S. taxpayers. This issue of the SOI Bulletin includes articles on the following topics: Foreign Recipients of U.S. Income, Calendar Year 2019 and Individual Income Tax Returns, Preliminary Data, Tax Year 2021. SOI publishes the Statistics of Income Bulletin quarterly: winter, spring, summer, and fall. (September 2023) Mid-July filing season statistics for individuals, tax year 2022 — A table providing data collected from U. S. Individual Income Tax Returns (Forms 1040) filed and processed through July 27, 2023 for Tax Year 2022 is now available on SOI's Tax Stats webpage. These data include selected income items, adjustments, credits, and taxes by the size of adjusted gross income. (September 2023) Gift Tax, filing year 2021 — One table presenting Filing Year 2021 data from United States Gift (and Generation-Skipping Transfer) Tax Return (Form 709), including information on total gifts, deductions, credits, and net tax amounts is now available on SOI's Tax Stats webpage. Data were collected on the donors, recipients, and gifts that exceeded the annual exclusion amount. Data are presented by tax status and size of total taxable gifts. A One Sheet with highlights of the data is also available. (July 2023) Tax-exempt organizations, annual financial extracts, calendar year 2022 — Two new extracts of tax-exempt organizations' financial data for Calendar Year 2022 are now available on SOI's Tax Stats webpage. These annual extracts contain selected financial data from the Return of Organization Exempt from Income Tax (Form 990) and the Short Form Return of Organization Exempt from Income Tax (Form 990-EZ) processed for program administrative purposes during Calendar Year 2022. The data are in Microsoft Excel. Supporting documentation is also available. (July 2023) Tax-exempt organizations (private foundations), tax year 2019 — Tables based on data from a sample of Tax Year 2019 Return of Private Foundations (Forms 990-PF) filed with the IRS are now available on SOI's Tax Stats webpage. The four tables include estimates for the number of returns, income statement and balance sheet items, excise tax on net investment income, and charitable distribution information for these organizations. SOI classified the statistics by organization type, operating and grant-making status, and size of the fair market value of total assets. Additionally, there are three updated historical tables presenting selected items for Tax Years 1985–Tax Year 2019. (June 2023) Notice of data revision — Migration data for Calendar Years 2020-2021 have been revised. The revised data are for the county inflow and outflow tables and files for each state. The revisions correct for minor errors in the counts and amounts due to a programming change. (June 2023) Notice of revised release date December 7: Individuals, Form W-2 Tabulations, Tax Year 2019 Individual income tax returns preliminary data, tax year 2021 — A data table which contains preliminary individual income tax returns data for Tax Year 2021 is available on SOI's Tax Stats webpage. The table includes data on income, adjustments, credits, and taxes. It also contains information on returns filed through September 2022 weighted up to represent a full year of data. (May 2023) 2023 SOI Bulletin, Spring issue (Publication 1136) — The 2023 SOI Bulletin, Spring issue (Publication 1136) is now available on SOI's Tax Stats webpage. Articles included in this publication provide data available from various tax and information returns filed by U.S. taxpayers. This issue of the SOI Bulletin includes articles on the following topics: Sole Proprietorship Returns, Tax Year 2020 and High-Income Tax Returns, Tax Year 2019. SOI publishes the Statistics of Income Bulletin quarterly: winter, spring, summer, and fall. (May 2023) 2022 IRS Research Bulletin (Publication 1500) PDF — The 2022 IRS Research Bulletin (Publication 1500) is now available on SOI's Tax Stats webpage. The current edition features selected papers from the 12th annual IRS-Tax Policy Center Joint Research Conference on Tax Administration held virtually on June 16, 2022. The topics covered in the papers focus on ways to combine regular risk-based audits with random audits, taxpayer burden vs. opportunities to be noncompliant, alternatives for improving audit outcomes, and identifying reasons for taxpayer compliance or noncompliance. This volume will enable IRS executives, managers, employees, stakeholders, and tax administrators elsewhere to stay abreast of the latest trends and research findings affecting tax administration. (May 2023) Exempt organizations' unrelated business income tax, tax year 2017 — Tax-exempt organizations generally operate for charitable or other beneficial purposes, therefore, most income which they receive is exempt from tax under the Internal Revenue Code. However, tax-exempt organizations are permitted to engage in income-producing activities that are considered to be unrelated to their exempt purposes. Therefore, income from these activities may be taxable. This study measures income, deductions, and tax imposed on tax-exempt corporate and trust entities' unrelated business income. Data are compiled from Form 990-T, Exempt Organization Business Income Tax Return. This study is available on SOI's Tax Stats webpage. (May 2023) Individual Income Tax Return Data, Form 1040, Schedule E, Partnerships and S Corporations Net Income (Less Loss), Tax Years 2000–2020 — An historical table to the Tax Years 2000-2020 showing net income/loss for individual income tax return data on Partnerships and S Corporations separately is now available on SOI's Tax Stats webpage. The individual data on partnerships and S Corporations is available as a combined net income/loss yearly in tables in Publication 1304, Individual Complete Report. (May 2023) Personal wealth study, 2019 — Six tables presenting data from the information reported on the United States Estate (and Generation Skipping Transfer) Tax Returns (Form 706) are now available on SOI's Tax Stats webpage. These tables detail the type of property by size of net worth, age of wealth holder, net worth, and selected assets by state of residence of individuals whose personal wealth was at least equal to the estate tax filing threshold of $11.4 million and who were required to file Form 706 in 2019. This triennial study is based on the Estate Multiplier technique and estimates the wealth of the living population. (May 2023) Notice of revised release dates May 25: Tax-Exempt Organizations Unrelated Business Income Tax, 2017 June 29: Tax-Exempt Organizations (Private Foundations), 2019 July 27: Tax-Exempt Org. Financial Extracts, 2022 2022 IRS Data Book (Publication 55-B) — Statistics of Income has released the Internal Revenue Service (IRS) 2022 Data Book. This publication provides a snapshot of agency activities for Fiscal Year (FY) 2022 (Oct. 1, 2021 — Sept. 30, 2022). In addition to information on taxes collected and returns processed, the report also includes information about taxpayer assistance, enforcement, and the IRS budget and workforce, among others. For example, the IRS collected more than $4.9 trillion in gross taxes. The agency processed more than 262.8 million federal tax returns during FY 2022 and issued more than $641.7 billion in tax refunds. The IRS assisted more than 71.6 million taxpayers through correspondence, its enterprise-wide telephone helplines, or at Taxpayer Assistance Centers. Additionally, the agency provided self-assistance to taxpayers through nearly 1.1 billion visits to IRS.gov, including inquiries to the "Where's My Refund?" application and via the IRS2GO mobile app. (April 2023) Corporations, Multi-National Enterprise (Form 8975/8975 Schedule A) Study, tax year 2020 — Seven new tables presenting data from the Country-by-Country Report (Form 8975) and Tax Jurisdiction and Constituent Entity Information (Form 8975, Schedule A) are now available on SOI's Tax Stats webpage. The tables present data from the estimated population of corporate and partnership returns filed for Tax Year 2020. Five tables display number of filers, revenues, profits, income taxes, earnings, number of employees, and tangible assets. The first three tables are classified by major geographic region and selected tax jurisdiction; the fourth is classified by major industry group, geographic region, and selected tax jurisdiction; and the fifth is classified by effective tax rate of multinational enterprise subgroups. A sixth table is classified by effective tax rate of multinational enterprise subgroups, major geographic region, and selected tax jurisdiction; and the seventh displays the number of constituent entities classified by major geographic region, selected tax jurisdiction, and main business activities. (April 2023) Controlled foreign corporations, tax year 2018 — Three new tables presenting data from Form 5471, Controlled Foreign Corporations, are now available on SOI's Tax Stats webpage. The tables present data from the estimated population of returns filed for Tax Year 2018. Table 1 displays number, assets, receipts, earnings, taxes, distributions, subpart F income, and related party transactions for U.S. corporations and their controlled foreign corporations classified by NAICS industrial sector. Table 2 displays number, assets, receipts, earnings, taxes, distributions, subpart F income, and related party transactions for U.S. corporations and their controlled foreign corporations classified by selected country of incorporation. Table 3 displays number, earnings, and taxes for U.S. corporations and their controlled foreign corporations classified by Form 5471 revision and a separate category of income. (April 2023) 2022 Calendar Year Projections of Information and Withholding Documents for the United States and IRS Campuses (Publication 6961) update —The 2022 Calendar Year Projections of Information and Withholding Documents for the United States and IRS Campuses (Publication 6961) is now available on SOI's Tax Stats webpage. The publication presents multiyear projections of the number of information and withholding returns to be filed with the IRS by processing categories important to IRS planning operations, including form type and filing medium. Selected forecasts of paper returns are also shown by IRS Processing Campus locations. (March 2023) Notice of data revision — In the Sales of Capital Assets Data Reported on Individual Tax Returns, Tax Years 2013–2015 Bulletin Article, Tax Year 2013 Table 1A which shows aggregated data is repeated twice, while Tables 1B and 1C which show short- and long-term data, respectively, are missing. This correction replaces the extra Tables 1A with Tables 1B and 1C. (March 2023) 2020 Individual Information Returns, Line Item Estimates (Publication 5385) — The 2020 Statistics of Income (SOI) Publication 5385, Individual Information Returns, Line Item Estimates, is now available on SOI's Tax Stats webpage. The publication provides estimates of frequencies and amounts of the entries on the lines of the forms filed for selected information returns that accompany the 2020 SOI Individual Complete Report weighted file. The estimates are based on returns filed in Processing Year 2021 that were sampled statistically and then weighted to estimate the entire 2020 Tax Year. (February 2023) High-income tax returns, tax year 2019 — Detailed data on individual income tax returns with adjusted gross income or expanded income greater than $200,000 are now available on SOI's Tax Stats webpage. This annual study also looks at high-income, nontaxable returns (HINTs) and the reason for nontaxability. For 2019, there were just under 9.2 million individual income tax returns with an expanded income of $200,000 or more, accounting for 5.8 percent of all returns for the year. Of these, 7,391 returns had no worldwide income tax liability. This was a 2.6-percent increase over the number of returns with no worldwide income tax liability for 2018. It was only the third increase in the past 10 years, and well below the peak of 19,551 returns for 2009. (February 2023) Noncash charitable contributions, tax year 2020 — Five tables presenting data for all individual income tax returns that reported noncash charitable contributions for Tax Year 2020 on Noncash Charitable Contributions (Form 8283) are now available on SOI's Tax Stats webpage. These tables are also based on data reported on U.S. Individual Income Tax Return (Form 1040) and Itemized Deductions (Schedule A). The data detail the number of returns, number of donations, donor's cost, fair market value, and amount carried to Schedule A. Data are categorized by donation type, donor type, size of adjusted gross income, and donor age. (February 2023) Notice of data revision — Selected items on the Tax Year 2019 Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc., in the 2019 Individual Information Returns, Line Item Estimates (Publication 5385), have been updated. Some data items were placed on the wrong lines. In the revision, they have been moved to the correct lines and are now available on SOI's Tax Stats webpage. (February 2023) Notice of revised release dates April 27: Tax-Exempt Organizations Unrelated Business Income Tax, Tax Year 2017 April 27: Individuals, Migration flow data, 2020-2021 April 27: Individual Retirement Arrangement (IRA) Information, Tax Year 2020 May 18: Individuals, Advance Data, Tax Year 2021 Estate tax data, calendar year 2019 (year-of-death) and historical table 17 updates —Six tables presenting the estate tax data for year-of-death 2019 estate tax decedents are now available on SOI's Tax Stats webpage. These tables provide data on gross estates and their composition, deductions, tax, and information on the age, sex, and marital status of decedents, and whose at-death gross assets, the "gross estate," exceed the filing threshold. SOI collects these data from United States Estate (and Generation Skipping Transfer) Tax Returns (Forms 706) filed in 2019, 2020, and 2021 for the vast majority of estates whose decedents died in Calendar Year 2019. This study is part of SOI's Individual Income Tax Statistics program, and the data from the study are also used to produce SOI's Personal Wealth Statistics. Historical Table 17, Taxable Estate Tax Returns as a Percentage of Adult Deaths, Selected Years of Death, 1934–2019, has been updated to include the years 2017–2019. This table, which also contains data tabulated from Form 706 (noted above), includes year-of-death data for years that are not available on the Tax Stats Estate Tax Data, by Year of Death, webpage, including the total number of adult deaths, the number of taxable estate tax returns as a percentage of adult deaths, total gross estate at death, and the amount of estate tax after credits. (January 2023) Notice of data revision — Footnotes for the County Data, Tax Year 2020 tables have been revised. The footnotes were updated for the individual state files for Kansas to Wyoming. (January 2023) Mid-November filing season statistics for individuals, tax year 2021—The Mid-November Filing Season Statistics for Individuals, Tax Year 2021, table, which provides data collected from U. S. Individual Income Tax Returns (Forms 1040) filed and processed through November 24, 2022, for Tax Year 2021, is now available on SOI's Tax Stats webpage. These data include selected income items, adjustments, credits, and taxes, by size of adjusted gross income. (January 2023)
