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Number of tax returns filed by income group in 2024

August 26, 2024
in Accounting
Reading Time: 10 mins read
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Number of tax returns filed by income group in 2024
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Tax season ended on April 15 and the six-month extension deadline is approaching in October. As of May 23, there were 132,270,182 total tax returns filed with the Internal Revenue Service. Measured by income group, those who made between $50,000 and $75,000 filed the most returns, at 15.69% of the total filed.  Those in the $1,000,000-or-more group filed only 0.22% of the total. 

Read more about the number of returns filed as of May 23 and see how they differ between income groups.

Source: IRS.gov

Adjusted gross income

Number of returns

% of total returns

Total returns

13,22,70,182

100.00%

No adjusted gross income and deficit

13,31,774

1.01%

$1 to $5,000

56,18,647

4.25%

$5,000 to $10,000

64,72,696

4.89%

$10,000 to $15,000

74,42,678

5.63%

$15,000 to $20,000

72,47,104

5.48%

$20,000 to $25,000

67,03,325

5.07%

$25,000 to $30,000

65,10,940

4.92%

$30,000 to $40,000

1,31,56,282

9.95%

$40,000 to $50,000

1,14,85,185

8.68%

$50,000 to $75,000

2,07,51,406

15.69%

$75,000 to $100,000

1,32,93,648

10.05%

$100,000 to $200,000

2,28,19,080

17.25%

$200,000 to $250,000

35,63,230

2.69%

$250,000 to $500,000

45,71,679

3.46%

$500,000 to $1,000,000

10,17,382

0.77%

$1,000,000 or more

2,85,126

0.22%

Credit: Source link

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