U.S. Government Revenue Collections | U.S. Treasury Fiscal Data (2024)

Introduction

10/01/2004 — 04/04/2024Released DailyLast Updated 04/05/2024

The U.S. Government Revenue Collections dataset provides a daily overview of federal revenue collections such as individual and corporate income tax deposits, customs duties, fees for government service, fines, and loan repayments. These collections can be made through either electronic or non-electronic transactions by mail, internet, bank, or over-the-counter channels.

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Data Table:

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Dataset Properties

Data Table Name

Field Name

Display Name

Description

Data Type

Is Required

U.S. Government Revenue Collectionsrecord_dateRecord DateThe date that data was published.DATE1
U.S. Government Revenue Collectionselectronic_category_descElectronic Category DescriptionThere are four electronic categories, which are mutually exclusive. The four categories are: 1. Fully Electronic - All - The government (Agency and Fiscal Service) processes these transactions electronically (Example: EFTPS transactions). 2. Fully Electronic - FS - Fiscal Service programs process these transactions electronically, but an agency processes some aspect of these transactions non-electronically (Example: OTC net electronic check transactions). 3. Electronic Settlement - Fiscal Service programs settle these transactions electronically, but also process some aspect of these transactions non-electronically (Example: Lockboxes and ECP). 4. Non-Electronic - The government processes these transactions non-electronically (Example: OTC net cash deposits). STRING1
U.S. Government Revenue Collectionschannel_type_descChannel Type DescriptionChannel Program is the collections program reporting the data to Collections Information Repository (CIR). In most cases, the collection program name is synonymous with the concatenation of the Reporting Program and the Source Processing Program within CIR. However, Fiscal Service has provided derivation rules to enable specific breakdowns. The report lists the Channel Programs alphabetically within each collections channel. The four types are: 1. Over-the-Counter (OTC) - The OTC channel exists for collection information presented by the public or an agency to an agent or depositary in person or via an electronic terminal. 2. Mail - The mail channel exists for collection information presented by the public to an agent or depositary by mail. 3. Internet - The internet channel exists for collection information presented by the public or an agency to an agent or depositary over the Internet. It includes online banking transactions initiated by the public through private third party applications and received by an agent or depositary through a defined interface. 4. Bank - The bank channel exists for collection transactions presented by a member of the public to an agent or depositary through closed banking networks. It includes Automated Clearing House credit and Fedwire collection transactions.STRING1
U.S. Government Revenue Collectionstax_category_descTax Category DescriptionThere are five tax categories, which are not mutually exclusive. The Tax Category Total contains the sum of the Non-Tax and Internal Revenue Service (IRS) Tax amounts. The five categories are: 1. Non-Tax - Sum of IRS-Non-Tax and Non-Tax (other than IRS Non-Tax). 2. IRS Non-Tax - Collections for ALCs (Agency Location Codes) that begin with 2009 but do not include any of the IRS Service Centers. 3. IRS Tax - Collections for the IRS Service Center ALCs. 4. Non-Tax (other than IRS Non-Tax) - Collections that do not begin with ALC 2009. 5. IRS Tax & IRS Non-Tax - Sum of IRS Non-Tax and IRS Tax. STRING1
U.S. Government Revenue Collectionsnet_collections_amtNet Collections AmountDollar amount of transaction.CURRENCY1
Table NameDescriptionRow DescriptionRow Count
NameDefinition

Notes & Known Limitations

The Department of the Treasury has a goal of transitioning all revenue collection activities to an electronic format.

API Quick Guide

Check out our more detailed API Documentation.

API Documentation

Endpoint

BASE URL:

https://api.fiscaldata.treasury.gov/services/api/fiscal_service/

ENDPOINT:

FULL URL:

https://api.fiscaldata.treasury.gov/services/api/fiscal_service/

Fields

Refer to Dataset Properties above for a data dictionary with field names and descriptions, as well as notes and known limitations. known limitations.

Field NameDisplay NameData Type

Showing 1 - 5 rows of 15 rows

Data Types

All data is returned as a string, including nulls. Refer to the chart above for the intended data type of each field.

Parameters

Refer to Dataset Properties above for a data dictionary with field names and descriptions as well as notes and known limitations

Fields

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  • Parameter: fields=
  • Definition: The fields parameter allows you to select which field(s) should be included in the response.
  • Accepts: The fields= parameter accepts a comma-separated list of field names (no parentheses).
  • Required: No, specifying fields is not required to make an API request.
  • Default: If desired fields are not specified, all fields will be returned.
  • Notes: When a field named passed to the fields= parameter is not available for the endpoint accessed, an error will occur. Note that omitting fields can result in automatically aggregated and summed data results. For more information, view the full documentation on Aggregation and Sums.

EXAMPLE

?fields=

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Format

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Methods

Our APIs accept the GET method, one of the most common HTTP methods.

Example Request & Response

In this example, we are...

  • Specifying the endpoint
  • Requesting the JSON response format
  • Sorting the data by in descending order
  • Setting pagination parameters

EXAMPLE REQUEST

https://api.fiscaldata.treasury.gov/services/api/fiscal_service/undefined?sort=-undefined&format=json&page[number]=1&page[size]=1

EXPECTED RESPONSE

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For More API Information

Visit our full API documentation to find out more about:

  • Aggregation and sums
  • Pivoting
  • Response codes
  • Meta object
  • ...and more!

API Documentation

Related Datasets

U.S. Government Revenue Collections | U.S. Treasury Fiscal Data (2024)

FAQs

How much tax revenue does the US government collect each year? ›

Line chart of federal government revenue from 1980 to 2022 with an upward trend. In 2022, the federal government collected $5.03 trillion in revenue.

What are the seven sources of revenue the US government collects? ›

The federal government collects revenue from a variety of sources, including individual income taxes, payroll taxes, corporate income taxes, and excise taxes. It also collects revenue from services like admission to national parks and customs duties.

What is the largest source of IRS collections? ›

The majority of federal revenue comes from individual and corporate income taxes as well as social insurance taxes (such as the Social Security taxes described above).

Why would I get mail from US Department of Treasury Bureau of Fiscal Service? ›

The Bureau of the Fiscal Service in the Department of the Treasury collects overdue (delinquent) nontax debt for other federal agencies. If you owe money to a federal agency and you did not pay it on time, you have a delinquent debt. You will receive a letter first from the agency to whom you owe the debt.

How much revenue has the US government collected? ›

Revenues received by the federal government in 2022 totaled $4.9 trillion, of which more than half was receipts from individual income taxes, which were the highest ever as a percentage of gross domestic product.

What are the top 5 sources of government revenue? ›

Governments generate revenue by collecting income taxes, payroll taxes, sales taxes, property taxes, and social insurance taxes. Revenue is also generated from income on assets and transfer receipts from businesses and individuals.

What supplies the largest source of revenue for the US government? ›

Individual Taxes

Income taxes paid by individuals make up the federal government's single largest revenue source.

What is the debt of the United States Treasury? ›

The $34 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself. Learn more about different ways to measure our national debt.

Who pays the most federal taxes? ›

High-Income Taxpayers Paid the Majority of Federal Income Taxes. In 2021, the bottom half of taxpayers earned 10.4 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 26.3 percent of total AGI and paid 45.8 percent of all federal income taxes.

Which source accounts for more than 90% of the revenue that the US government collects? ›

Personal income taxes and Social Security taxes are the largest sources of federal government revenues.

How many taxpayers owe the IRS? ›

Most people file and pay their taxes by April 15. But more Americans than ever owe past-due taxes. As of the end of 2022, 18.6 million individual taxpayers owed the Internal Revenue Service $316 billion in overdue taxes, according to the agency. That number is up from 16.8 million owing $308 billion in September 2019.

How does the government make money other than taxes? ›

The government also generates revenue through issuing debt instruments such as Treasury bonds, Treasury bills, and Treasury notes – securities with varying rates of maturity.

What if I received a check from the U.S. Treasury with no explanation? ›

You can look up the authorizing agency directly and contact them to find out why they sent the payment. If you do not know which agency authorized the payment, call the Bureau of the Fiscal Service Call Center at 1-855-868-0151. They can help you determine which government agency you need to contact.

Why would I get a random check from U.S. Treasury? ›

This scam involves the fraudulent use of checks that appear to be issued by the U.S. Treasury. Scammers send counterfeit checks to individuals, claiming that the recipients are entitled to receive a government grant, tax refund, or other payments from the Treasury.

What is the U.S. Department of Treasury fiscal service? ›

The Office of Fiscal Service helps formulate policy and develop systems for the collection, disbursem*nt, management and security of public monies in the United States and abroad, and related government-wide accounting and reporting for those funds.

What percentage of tax do the top 1% pay? ›

High-Income Taxpayers Paid the Majority of Federal Income Taxes. In 2021, the bottom half of taxpayers earned 10.4 percent of total AGI and paid 2.3 percent of all federal individual income taxes. The top 1 percent earned 26.3 percent of total AGI and paid 45.8 percent of all federal income taxes.

Where does US tax money go? ›

The federal taxes you pay are used by the government to invest in the country and to provide goods and services for the benefit of the American people. The three biggest categories of expenditures are: Major health programs, such as Medicare and Medicaid. Social security.

How much is the United States in debt? ›

The $34 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself. Learn more about different ways to measure our national debt.

What is the US tax revenue as a percentage of GDP by year? ›

United States Tax Revenue: % of GDP

This records a decrease from the previous number of 18.5 % for Dec 2022. US Tax revenue: % of GDP data is updated yearly, averaging 17.0 % from Dec 1968 to 2023, with 56 observations. The data reached an all-time high of 19.5 % in 2000 and a record low of 13.7 % in 2009.

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