The IRS recently issued its Data Book detailing the agency’s activities in the fiscal year 2020 and reporting more than $4.1 trillion collected in federal taxes.
The Data Book comprises 33 tables describing a variety of IRS activities from returns processed, revenue collected and refunds issued. The report provides point-in-time estimates of IRS activities as of September 2021.
During the second half of 2021, more than 37 million families received more than $93 billion in advance child tax credit payments. While providing COVID-19 tax relief measures, the IRS processed more than 261 million tax returns and collected more than $4.1 trillion in federal taxes. Read more.