Tax

How many millionaires? Tax returns by income group for 2024

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Tax season ended on April 15 and the six-month extension deadline is approaching in October. As of May 23, there were 132,270,182 total tax returns filed with the Internal Revenue Service. Measured by income group, those who made between $50,000 and $75,000 filed the most returns, at 15.69% of the total filed.  Those in the $1,000,000-or-more group filed only 0.22% of the total. 

Read more about the number of returns filed as of May 23 and see how they differ between income groups.

Source: IRS.gov

Number of tax returns by income group

Adjusted gross income

Number of returns

% of total returns

Total returns

132,270,182

100.00%

No adjusted gross income and deficit

1,331,774

1.01%

$1 to $5,000

5,618,647

4.25%

$5,000 to $10,000

6,472,696

4.89%

$10,000 to $15,000

7,442,678

5.63%

$15,000 to $20,000

7,247,104

5.48%

$20,000 to $25,000

6,703,325

5.07%

$25,000 to $30,000

6,510,940

4.92%

$30,000 to $40,000

13,156,282

9.95%

$40,000 to $50,000

11,485,185

8.68%

$50,000 to $75,000

20,751,406

15.69%

$75,000 to $100,000

13,293,648

10.05%

$100,000 to $200,000

22,819,080

17.25%

$200,000 to $250,000

3,563,230

2.69%

$250,000 to $500,000

4,571,679

3.46%

$500,000 to $1,000,000

1,017,382

0.77%

$1,000,000 or more

285,126

0.22%

Accounting Today_Number of returns by income group__17.jpg
Those who made $1,00,000 or more filed 285,126 returns.
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Those who made between $500,000 and $1,000,000 filed 1,017,382 returns.
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Those who made between $250,000 and $500,000 filed 4,571,679 returns.
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Those who made between $200,000 and $250,000 filed 3,562,230 returns.
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Those who made between $100,000 and $200,000 filed 22,819,080 returns.
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Those who made between $75,000 and $100,000 filed 13,293,648 returns.
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Those who made between $50,000 and $75,000 filed 20,751,406 returns.
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Those who made between $40,000 and $50,000 filed 11,485,185 returns.
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Those who made between $30,000 and $40,000 filed 13,156,282 returns.
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Those who made between $25,000 and $30,000 filed 6,510,940 returns.
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Those who made between $20,000 and $25,000 filed 6,703,325 returns.
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Those who made between $15,000 and $20,000 filed 7,247,104 returns.
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Those who made between $10,000 and $15,000 filed 7,442,678 returns.
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Those who made between $5,000 and $10,000 filed 6,472,696 returns.
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Those who made between $1 and $5,000 filed 5,618,647 returns.
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Accounting Today_Number of returns by income group__.jpg
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