SOI Tax Stats - SOI Bulletin: Spring 2023


Statistics of Income (SOI) Bulletin, Spring 2023 (Publication 1136) PDF

The Statistics of Income Bulletin is issued quarterly by the Statistics of Income Division of the Internal Revenue Service. This report provides the earliest published annual financial statistics obtained from the various types of tax and information returns filed, as well as information from periodic or special analytical studies of particular interest to students of the U.S. tax system, tax policymakers, and tax administrators.

Featured Articles

Sole Proprietorship Returns, Tax Year 2020 PDF
By Adrian Dungan

For Tax Year 2020, there were approximately 28.4 million individual income tax returns that reported nonfarm sole proprietorship activity, a 1.9 percent increase from Tax Year 2019. Total receipts reported by nonfarm sole proprietorships decreased 2.1 percent, while deductions decreased 1.1 percent, and profits fell 5.1 percent to $337.2 billion in 2020.

Related Link: Nonfarm Sole Proprietorship Statistics

High Income Tax Returns for Tax Year 2019 PDF
by Justin Bryan and Evan Avila

For Tax Year 2019, there were just under 9.2 million individual income tax returns with an expanded income of $200,000 or more, accounting for 5.8 percent of all returns filed for the year. Of these, 7,391 returns had no worldwide income tax liability. This was a 2.6 percent increase over the number of returns with no worldwide income tax liability for 2018. It was just the third increase in the past 10 years, and well below the peak of 19,551 returns for 2009.

Related Link: Individual High Income Tax Returns