Individual Income Tax Filing: Total Deduction Amount in USD : 2,187,065,561.00 (As of 2016-01-01) ( Discontinued )
Historical Data
Basic Info
Individual Income Tax Filing: Total Deduction Amount in USD was 2,187,065,561.00 as of 2016-01-01, according to Internal Revenue Service (IRS). Historically, Individual Income Tax Filing: Total Deduction Amount in USD reached a record high of 2,187,065,561.00 and a record low of 1,205,337,338.00, the median value is 1,953,396,866.00. Typical value range is from 1,928,085,033.16 to 2,115,017,370.66. The Year-Over-Year growth is 1.34%. GuruFocus provides the current actual value, an historical data chart and related indicators for Individual Income Tax Filing: Total Deduction Amount in USD - last updated on 2016-01-01.
Annual , not seasonally adjusted . In general, represents the sum of standard and itemized deductions from AGI to compute "taxable income" (the tax base for the regular income tax), but also includes deductions in excess of AGI that could not be used in the computation. Deductions erroneously reported on returns with no AGI were excluded from the deduction statistics. Also Includes "additional" standard deductions for age 65 or over or for blindness (for changes in the standard deduction and its relation to the zero bracket amount, see Statistics of Income-Individual Income Tax Returns, for appropriate years). Total itemized deductions are after statutory limitation. For additional information about the return filing requirements, see the annual reports, Statistics of Income-Individual Income Tax Returns at https://www.irs.gov/uac/soi-tax-stats-historical-data-tables.
| Category | Population, Employment, & Labor Markets |
| Region | USA |
| Source | Internal Revenue Service (IRS) |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 2,187,065,561.00 | ||
| Latest Period | 2016-01-01 | ||
| Long Term Average | 2,021,551,201.91 | ||
| Average Annualized Growth Rate | +3.56% | ||
| Value from 1 year ago | - | ||
| Change from 1 year ago | % | ||
| Frequency | Annual | ||
| Unit | Thousands | ||
| Download Source | DDMT.txt |
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