Individual Income Tax Filing: Total Deduction Amount in USD: 2187070000 Thousands as of 01-01-2016

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.

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Category, Region, Data Source: https://www.irs.gov/

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Stats

Last Value 2187070000 Thousands
Latest Period 2016-01-01
Last Updated 2018-12-19 13:31:03-06
Frequency a
Average Growth Rate 3.62
Long Term Average 1789530000
Value from 1 Year Ago 2158050000
Change from 1 Year Ago 1.34
Unit Thousands
Adjustment Thousands

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