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2014 Income Tax Returns Statistics

2014 Income Tax Returns Statistics

IRS have released the statistics for 2014 Income Tax Returns.

 

WASHINGTON — The Internal Revenue Service today announced the availability of Statistics of Income–2014 Individual Income Tax Returns Complete Report. U.S. taxpayers filed 148.6 million individual income tax returns for tax year 2014, up 0.9 percent from 2013. The adjusted gross income less deficit reported on these returns rose $677 billion, which is a 7.4-percent increase from the prior year.

The report is based on a sample drawn from the 148.6 million individual income tax returns filed for tax year 2014 and provides estimates on sources of income, adjusted gross income, exemptions, deductions, taxable income, income tax, modified income tax, tax credits, self-employment tax and tax payments.

Classifications include tax status, size of adjusted gross income, marital status, age, and type of tax computation. A brief text reviews the requirements for filing tax returns, explains the changes in tax law, provides a summary of the data, and describes the sample used to produce the report.

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