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The numbers shown in the tables on this page reflect advance CTC payments disbursed during 2021 to eligible recipients based on taxpayer account information. In these tables, payments refer to the number of primary payment recipients that received one or more advance CTC payment during 2021. These tables include payments issued in each monthly payment wave, as well as any payments made outside of the monthly payment, such as replacements for undeliverable payments. If a tax unit filed a joint return and each spouse received part of a payment, then these tables count that as a single payment, and the dollar amounts of the partial payments to the spouses are added together.

This paper estimates the e§ect of tax credits on college outcomes. I Örst study e§ects of college tax credits such as the American Opportunity Tax Credit (AOTC) on child outcomes using changes in beneÖts at adjusted gross income (AGI) phase-outs combined with the sudden expansion of credits in 2009 under the American Recovery and Reinvestment Act. I Önd that college tax credits have at most small e§ects on college enrollment for children from middle- and high-income families relative to the large e§ects found in the Önancial aid literature. I also study e§ects of income tax credits received by parents of adolescents in two ways. I Örst examine e§ects of anticipated income variation using nonlinearities in Earned Income Tax Credit (EITC) eligibility with respect to AGI. I Önd no discernable impact of anticipated income on college enrollment, but cannot reject impacts predicted by prior research. I then examine e§ects of large, unanticipated income changes at other points in the AGI distribution by exploiting variation in the timing of parental layo§s around childrensí ages of college entry. Unanticipated income losses generate signiÖcant, small negative e§ects on child college enrollment, quality, and other outcomes. Results suggest that income transfers to parents of adolescent children, and the insurance provided by progressive income taxation during these child ages, have at most small impacts on child college outcomes, especially for low-income children.

SOI Tax Stats - Corporate Foreign Tax Credit Study Terms and Concepts

COVID Employer Credits Claimed IRS Data Book Table A

Contains complete individual income tax data. The statistics are based on a sample of individual income tax returns, selected before audit, which represents a population of Forms 1040, 1040A, and 1040EZ, including electronic returns. The report contains data on sources of income, adjusted gross income, exemptions, deductions, taxable income, income tax, modified taxable income, tax credits, self-employment tax, and tax payments.

The Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, was enacted in March 2020 and created a refundable tax credit for individuals. The advance payment of this “2020 recovery rebate for individuals” is referred to as the first round of economic impact payments (First Round EIPs). The tabulations found on this page provide data on those First Round EIPs, which were distributed to individuals by the end of 2020.

Gift Tax Statistics

Papers - Reports to Congress

Compilation of Bulletin articles from all SOI Bulletins which pertain to Individual tax statistics.

Brief descriptions of recent major additions to tax stats are shown here.