IRS Releases 1990 Income Tax Data

WASHINGTON - United States taxpayers filed 1.6 million more federal tax returns for tax year 1990 than they did for 1989.

During the same period, adjusted gross income rose by $149.1 billion (4.6 percent). Adjusted gross income items experiencing the largest percentage increases were unemployment compensation at 27.8 percent and taxable distributions from Individual Retirement Arrangements (IRAs) at 26.5 percent.

Total income tax, the sum of income tax after credits and the alternative minimum tax, rose from $432.9 billion to $447.1 billion (3.3 percent). These and other statistical data appear in the IRS' "Statistics of Income-1990, Individual Income Tax Returns", (Publication 1304), available now.

The report, based on a sample drawn from nearly 114 million individual income tax returns for tax year 1990, gives estimates of income, deductions, exemptions, credits and tax. A brief text reviews requirements for filing tax returns, explains changes in tax law, and describes the sample used to produce the report.

Publication 1304 (CAtalog Number 63338H), as well as other Statistics of Income Publications, is for sale by the Superintendent of Documents, P.O. Box 37194, Pittsburgh, PA 15250-7954.

Other statistical information services may be obtained by writing to the Director, Statistics of Income Division R:S:P, Internal Revenue Service, P.O. Box 2608, Washington, DC 20013-2608, or by telephoning the division at (202) 874-0410 (not a toll-free number).

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