2012 Individual Income Tax Returns Complete Report Now Available

On August 22, 2014, the Internal Revenue Service announced the availability of their report, Statistics of Income – 2012 Individual Income Tax Returns Complete Report (Publication 1304).  This report 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.

U.S. Taxpayers filed 144.9 million individual income tax returns for tax year 2012.  This number is down 0.3 percent from 2011.  The adjusted gross income less deficit reported on these returns totaled 9.1 trillion dollars.  This is an increase of 8.7 percent when compared to the prior year.

The report is based on a sample of 144.9 million individual income tax returns filed for tax year 2012, 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, and describes the sample used to produce the report.  The report is available for review and download at the following location in the IRS’s official website:

http://www.irs.gov/uac/SOI-Tax-Stats-Individual-Income-Tax-Returns-Publication-1304-(Complete-Report)

For more information about these data, one may write to the Director, Statistics of Income Division, RAS:S, Internal Revenue Service, 1111 Constitution Avenue, K-Room 4122, Washington, D.C 20224

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