The tax season officially concluded on April 15, and the six-month extension deadline is now nearing in October.

As of May 23, a total of 132,270,182 income tax returns have been submitted to the Internal Revenue Service.

📌 Data from the Internal Revenue Service (IRS) indicates that individuals earning between $50,000 and $75,000 submitted the highest percentage of returns, accounting for 15.69% of the overall total.

In contrast, those with incomes of $1,000,000 or more represented only 0.22% of the total filings.

➡️ The table below illustrates the number of returns filed and highlights the variations among different income groups

Tax
Source: IRS

You may also like: Recommendations for Maximizing Tax Deductions for Owners of Energy-Efficient Commercial Properties