8/30/2021
Inside This Issue
Nonprofit Charitable and Other Tax-Exempt Organizations, Tax Year 2018
Individual Income Tax Returns, Filing Season Statistics, Tax Year 2020
Nonprofit Charitable and Other Tax-Exempt Organizations, Tax Year 2018
Four tables containing data from SOI's Tax Year 2018 study of tax-exempt organizations (excluding private foundations) are now available on SOI's Tax Stats Web page. The tables contain balance sheet, income statement, and functional expense data from Return of Organization Exempt from Income Tax (Form 990) and the corresponding short form (Form 990-EZ) filed by organizations exempt under Internal Revenue Code sections 501(c)(3) through (c)(9). Data are classified by total end-of-year assets and IRC section. The release also includes microdata and documentation from the SOI exempt organization sample study used to create the tables.
Federal Excise Taxes, Fiscal Year 2020
The data table, "Federal Excise Taxes or Fees Reported to or Collected by the Internal Revenue Service, Alcohol and Tobacco Tax and Trade Bureau, and Customs Service, by Type of Excise Tax," has been updated with Fiscal Year 2020 data and is now available on SOI's Tax Stats Web page. Federal excise tax data are available beginning from Fiscal Year 1999.
2021 SOI Bulletin, Summer Issue (Publication 1136)
The 2021 Summer issue of the SOI Bulletin (Publication 1136) is now available on SOI's Tax Stats Web page. This issue is dedicated to the 40th Anniversary of the SOI Bulletin which was introduced in 1981. The report includes four articles, each of which is reprinted from the first year of the previous four decades: Individual Income Tax Returns Preliminary Income, Deduction, and Residential Energy Credit Statistics for 1979 (Summer 1981); Corporation Income Tax Returns, 1988 (Fall 1991); Sales of Capital Assets Reported on Individual Income Tax Returns, 1997 (Summer 2001), and 2008 Gifts (Spring 2011).
Individual Income Tax Returns, Filing Season Statistics, Tax Year 2020
A table providing data collected from U. S. Individual Income Tax Returns (Forms 1040) filed and processed through July 1, 2021, for Tax Year 2020 is now available on SOI's Tax Stats Web page. These data include selected income items, adjustments, credits, and taxes, by size of adjusted gross income. The Treasury Department and the Internal Revenue Service, in response to the COVID-19 Outbreak, extended the filing deadline to May 17, 2021.
Notice of Revised Release Dates
The following releases have revised release dates:
Individuals High-Income Returns Study, Tax Year 2018 - 10/26/2021
Bonds, Tax-Exempt Governmental and Private Activity, Tax year 2018 - 10/28/2021
Corporations, Transition Tax, Tax Year 2017-2018 - 11/25/2021
Individuals, Gift Tax, Tax Year 2020 - 12/30/2021
Source: IRS Statistics of Income Data Releases and Notice of Revised Release Dates