2020 tax year

In the tax year 2020, more than 164 million people sent their tax returns to the Internal Revenue Service. They used more than 159 million tax credit claims worth more than $277 billion to lower the amount of taxes they had to pay.

The greatest source of money for the federal government is the individual income tax. For tax year 2020, the third one under the modifications introduced by the Tax Cuts and Jobs Act (TCJA), taxpayers submitted more than 164 million individual income tax returns.