U.S. AGI rose in 2014, 2015, IRS reports
The average American’s adjusted gross income rose in both 2014 and 2015, according to the IRS.
In its Spring 2017 Statistics of Income Bulletin, the IRS released data on increased average AGI of taxpayers for tax year 2014 and preliminary data on returns for tax year 2015, as well as AGI information.
The Statistics of Income Division produces the online bulletin quarterly, providing recent data from various tax and information returns filed by U.S. taxpayers. This issue includes articles on:
- “Individual Income Tax Shares, Tax Year 2014” provides details from income tax returns filed for tax year 2014. The average AGI reported on these returns was $69,565, up 6.5 percent from the previous year. Total AGI increased 7.5 percent, to $9.71 trillion.
- “Individual Income Tax Returns, Preliminary Data, Tax Year 2015” shows that taxpayers filed almost 151 million U.S. individual income tax returns, slightly more than were filed for the prior tax year.
- In tax year 2015, total AGI rose 5.2 percent compared with the prior year, representing increases in salaries and wages, partnership income and distributions from retirement plans, among other income items.
SOI Bulletin articles are available for download at IRS.gov/taxstats.