Join 250,000+
professionals today

Add Insights to your inbox - get the latest
professional news for free.

How U.S. Tax Filings & Collections Skyrocketed in 10 Years

Join our 250K+ subscribers

Join our 250K+ subscribers

Subscribe

19 MAR 2025

How U.S. Tax Filings & Collections Skyrocketed in 10 Years

How U.S. Tax Filings & Collections Skyrocketed in 10 Years

Over the past decade, U.S. tax collections have surged by 67% since 2013, fueled by stronger enforcement, evolving tax policies, and digital innovations. The IRS has embraced AI-driven audits, ramped up compliance efforts, and introduced the Direct File pilot program, making tax filing more seamless and accurate. 

A closer look at tax categories highlights key shifts:

Despite a 65% increase in gift tax filings, collections dropped by 71%, likely due to higher exemptions and strategic estate planning. Meanwhile, estate tax collections soared 140%, signaling a shift in how wealth is transferred. The IRS also processed millions more returns and issued hundreds of billions in refunds, reflecting a more efficient tax system. With technology and policy shaping the future of taxation, staying ahead of these trends is more important than ever.

Until next time…

Don’t forget to share this story on LinkedIn, X and Facebook

📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join

Subscribed
Kelly purchased a subscription.
Subscribed
Kyle purchased a subscription.
Subscribed
lori purchased a subscription.
Subscribed
Christine purchased a subscription.
Subscribed
Keaton purchased a subscription.
Subscribed
Jeffrey purchased a subscription.
Subscribed
Catherine purchased a subscription.
Subscribed
Janice purchased a subscription.
Subscribed
Benjamin purchased a subscription.
Subscribed
Zhaohui purchased a subscription.