Skip to main content

Individual Income Tax Filing: Refundable American Opportunity Credit Used to Offset Other Taxes (RFAOCTOATA)

Observation:

2016: 301,157  
Updated: Dec 19, 2018

Units:

Thousands of U.S. Dollars,
Not Seasonally Adjusted

Frequency:

Annual
1Y | 5Y | 10Y | Max

NOTES

Source: U.S. Department of the Treasury. Internal Revenue Service  

Release: SOI Tax Stats - Historical Data Tables  

Units:  Thousands of U.S. Dollars, Not Seasonally Adjusted

Frequency:  Annual

Notes:

The amounts "used to offset income tax before credits" and "used to offset other taxes" (that are income-related) are reflected in the statistics for "total tax credits"; however, the "excess" or refundable portion of the credits are reflected in the statistics for tax "overpayments." The refundable portion of the credit is the amount (in excess of the taxes) that could not be credited, including any "advance earned income credit payments" on those returns that had such an excess. ("Advance earned income credit payments" were made to employees electing to receive such payments currently through their paychecks. Such "payments" are included in the statistics only if the employees also met the tax return filing requirements; advance payments received by those not required to file are, therefore, excluded).

For additional information about the return filing requirements, see the annual reports, Statistics of Income-Individual Income Tax Returns at https://www.irs.gov/uac/soi-tax-stats-historical-data-tables.

Suggested Citation:

U.S. Department of the Treasury. Internal Revenue Service, Individual Income Tax Filing: Refundable American Opportunity Credit Used to Offset Other Taxes [RFAOCTOATA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RFAOCTOATA, August 23, 2019.

RELEASE TABLES

SOI Tax Stats - Historical Data Tables






Retrieving data.
Updating graph.

Subscribe to the FRED newsletter


Follow us

Back to Top
Click to send us feedback
Top