IRS SOI: Summer 2020 Statistics of Income Bulletin Focuses on 2017 TCJA Implementation (IRC §1)

Summer 2020 Statistics of Income Bulletin released by the IRS August 25. The Statistics of Income (SOI) Division produces the online Bulletin quarterly, providing the most recent data available from various tax and information returns filed by U.S. taxpayers. The Summer 2020 Bulletin focuses individual income tax shares, 2017; foreign recipients of U.S. income, calendar year 2017; effects of post-filing adjustments on SOI estimates; and implementation of the Tax Cuts and Jobs Act. [Internal Revenue Service, Statistics of Income Bulletin, Summer 2020]

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