This statistic shows the revenue of the industry “tax preparation services“ in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of tax preparation services in the U.S. will amount to approximately ******* million U.S. Dollars by 2024.
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During the current period, tax preparation companies have navigated fluctuating economic conditions with varying success. The onset of COVID-19 triggered a decline in corporate profit, leading many businesses to cut back on outsourced tax services. Such financial pullbacks resulted in a dip in revenue, as companies either opted to utilize in-house tax teams or neglected additional tax services entirely. Regardless, as vaccination rollouts facilitated reopening economies in 2021, consumer spending soared, revitalizing corporate profit and demand for external tax preparers from individuals and businesses. Rising unemployment due to the cooling labor market brought on by high interest rates has recently reduced the number of taxpayers who can afford the industry’s services, causing revenue to slump in 2024. Overall, revenue for tax preparation service companies has grown at a CAGR of 2.9% over the past five years, reaching $14.5 billion in 2025. This includes a 0.9% rise in revenue in that year. Technological advancements have significantly transformed the tax preparation landscape. The advent and integration of artificial intelligence (AI) have streamlined processes, enhancing the efficiency of tax service providers. Specifically, AI-driven software has reduced time spent on tax preparation by automating data analysis, thereby enabling tax professionals to pivot toward more value-added services such as tax planning and customer relationship management. Over time, this will reduce wage costs and boost profit. Despite these advancements, there's been a notable rise in electronic filing, posing a threat to traditional tax preparers as more software companies market user-friendly tax solutions directly to consumers. However, major companies have adapted by incorporating these technological tools into their offerings, aiming to provide more comprehensive services. Looking ahead, tax preparation businesses are poised to experience moderate growth amid shifting economic conditions. As the US economy is expected to rebound gradually from current financial challenges, GDP and disposable income are projected to grow, fostering demand for professional tax services. Yet, ongoing competition from digital solutions, coupled with potential changes in tax legislation under the new administration, could shape the industry's trajectory. Overall, revenue for tax preparation service businesses in the US is forecast to creep upward at a CAGR of 1.1% in the next five years, reaching $15.3 billion in 2030.
This statistic shows the revenue of the industry “accounting, tax preparation, bookkeeping, and payroll services“ in the U.S. by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of accounting, tax preparation, bookkeeping, and payroll services in the U.S. will amount to approximately ***** billion U.S. Dollars by 2024.
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Over the past decade, demand for tax preparation software has grown substantially due to the increasing shift toward online business and tax filing, as reflected by the growth in self-prepared tax returns. However, economic fluctuations, especially during COVID-19, have led to significant revenue volatility for providers. The pandemic initially caused an online tax filing surge—up more than 25.0% from 2019 to 2020—as people avoided in-person professionals. As the pandemic eased, self-prepared returns fell, slowing revenue growth. More recently, high interest rates from 2022 to 2024 pushed businesses and consumers to use tax software to cut costs, temporarily boosting revenue, but anticipated rate drops could slow this trend. Meanwhile, market share concentration has slightly decreased due to scandals and a rise in entry, intensifying competition and causing the top companies' combined share to slip. As a result, major players may pursue mergers and acquisitions to regain ground while smaller developers cater to niche markets, aiming for stability amid shifting economic conditions. Elevated internal competition also caused providers to compete more heavily on price, reducing profit. Overall, revenue for tax preparation software developers has surged at a CAGR of 4.4% over the past five years, reaching $5.1 billion in 2025. This includes a 1.5% rise in revenue in that year. Over the next five years, tax preparation software developers are expected to experience slower revenue growth due to market saturation, as most consumers and businesses will already be familiar with online tax filing and will increasingly choose between self-preparation and professional services. IRS data indicates that growth in self-prepared tax filings is decelerating, prompting greater consolidation through mergers and acquisitions. While stable economic growth and population expansion may bolster demand, shifts in public policy—such as global tariffs —could hinder business formation and disposable income, adversely affecting revenue. Additionally, the IRS's launch and expansion of its own free filing platform, Direct File, threatens commercial providers by offering a robust, no-cost alternative. Advances in AI and natural language processing are expected to simplify tax filing and attract more users to software solutions, though these innovations require significant investment in R&D and data protection, likely increasing market concentration as smaller firms exit. Overall, revenue for tax preparation software developers is anticipated to inch upward at a CAGR of 2.9% over the next five years, reaching $5.6 billion in 2030.
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Graph and download economic data for Total Revenue for Gambling Industries, Establishments Subject to Federal Income Tax (REV7132TAXABL144QNSA) from Q1 2009 to Q1 2025 about gambling, amusements, revenue, establishments, tax, federal, income, industry, and USA.
This statistic shows the impact of the biopharmaceutical industry on federal personal tax revenues in the United States in 2022. In that year, the direct effect of the U.S. biopharmaceutical industry on federal personal tax revenues was some 34 billion U.S. dollars.
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Graph and download economic data for Revenue from Businesses for Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Establishments Subject to Federal Income Tax (BUS5412TAXABL144QNSA) from Q4 2003 to Q1 2025 about accounting, revenue, payrolls, establishments, tax, federal, business, income, and USA.
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Graph and download economic data for Revenue from Businesses for Other Professional, Scientific, and Technical Services, Establishments Subject to Federal Income Tax (BUS5419TAXABL144QNSA) from Q3 2012 to Q1 2025 about science, professional, revenue, establishments, tax, federal, business, income, and USA.
Direct state and local tax revenue generated from hotels increased to ***** billion U.S. dollars in 2023. This was well over twenty billion U.S. dollars more than in 2020, when the hotel industry was hit hard by the coronavirus (COVID-19) pandemic. Tax revenue from hotels was forecast to increase again in 2024 to around ***** billion U.S. dollars.
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Graph and download economic data for Revenue from Businesses for Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Establishments Subject to Federal Income Tax (BUS5412TAXABL157QNSA) from Q1 2004 to Q1 2025 about accounting, revenue, payrolls, establishments, tax, federal, business, income, rate, and USA.
This statistic shows the impact of the biopharmaceutical industry on state/local tax revenues in the United States in 2022. In that year, the direct effect of the U.S. biopharmaceutical industry on state/local tax revenues stood at over five billion U.S. dollars.
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North America Automated Tax Software Market size will be USD 7461.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 13078.5 Million by 2031. This dominance is attributed to the region's increasing complexity of tax regulations and compliance requirements.
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United States - Total Revenue for Publishing Industries Excluding Internet, Establishments Subject to Federal Income Tax, Employer Firms was 541742.00000 Mil. of $ in January of 2022, according to the United States Federal Reserve. Historically, United States - Total Revenue for Publishing Industries Excluding Internet, Establishments Subject to Federal Income Tax, Employer Firms reached a record high of 541742.00000 in January of 2022 and a record low of 241559.00000 in January of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Total Revenue for Publishing Industries Excluding Internet, Establishments Subject to Federal Income Tax, Employer Firms - last updated from the United States Federal Reserve on July of 2025.
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United States - Revenue from Businesses for Publishing Industries (Except Internet), Establishments Subject to Federal Income Tax was 89450.00000 Mil. of $ in October of 2021, according to the United States Federal Reserve. Historically, United States - Revenue from Businesses for Publishing Industries (Except Internet), Establishments Subject to Federal Income Tax reached a record high of 89450.00000 in October of 2021 and a record low of 44176.00000 in January of 2010. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Revenue from Businesses for Publishing Industries (Except Internet), Establishments Subject to Federal Income Tax - last updated from the United States Federal Reserve on July of 2025.
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United States - Total Revenue for Publishing Industries (Except Internet), Establishments Subject to Federal Income Tax was 2.40000 % Chg. in January of 2025, according to the United States Federal Reserve. Historically, United States - Total Revenue for Publishing Industries (Except Internet), Establishments Subject to Federal Income Tax reached a record high of 14.00000 in October of 2012 and a record low of -14.30000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Total Revenue for Publishing Industries (Except Internet), Establishments Subject to Federal Income Tax - last updated from the United States Federal Reserve on July of 2025.
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European Environmentally Related Tax Revenue from Taxes on Transport in All Industries Share by Country (Million US Dollars), 2023 Discover more data with ReportLinker!
Revenue from corporate income tax in the United States amounted to 420 billion U.S. dollars in 2023. The forecast predicts an increase in corporate income tax revenue up to 551 billion U.S. dollars in 2034.
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Nonemployer Statistics is an annual series that provides statistics on U.S. businesses with no paid employees or payroll, are subject to federal income taxes, and have receipts of $1,000 or more ($1 or more for the Construction sector). This program is authorized by the United States Code, Titles 13 and 26. Also, the collection provides data for approximately 450 North American Industry Classification System (NAICS) industries at the national, state, county, metropolitan statistical area, and combined statistical area geography levels. The majority of NAICS industries are included with some exceptions as follows: crop and animal production; investment funds, trusts, and other financial vehicles; management of companies and enterprises; and public administration. Data are also presented by Legal Form of Organization (LFO) (U.S. and state only) as filed with the Internal Revenue Service (IRS). Most nonemployers are self-employed individuals operating unincorporated businesses (known as sole proprietorships), which may or may not be the owner's principal source of income. Nonemployers Statistics features nonemployers in several arts-related industries and occupations, including the following: Arts, entertainment, and recreation (NAICS Code 71) Performing arts companies Spectator sports Promoters of performing arts, sports, and similar events Independent artists, writers, and performers Museums, historical sites, and similar institutions Amusement parks and arcades Professional, scientific, and technical services (NAICS Code 54) Architectural services Landscape architectural services Photographic services Retail trade (NAICS Code 44-45) Sporting goods, hobby, and musical instrument stores Sewing, needlework, and piece goods stores Book stores Art dealers Nonemployer Statistics data originate from statistical information obtained through business income tax records that the Internal Revenue Service (IRS) provides to the Census Bureau. The data are processed through various automated and analytical review to eliminate employers from the tabulation, correct and complete data items, remove anomalies, and validate geography coding and industry classification. Prior to publication, the noise infusion method is applied to protect individual businesses from disclosure. Noise infusion was first applied to Nonemployer Statistics in 2005. Prior to 2005, data were suppressed using the complementary cell suppression method. For more information on the coverage and methods used in Nonemployer Statistics, refer to NES Methodology. The majority of all business establishments in the United States are nonemployers, yet these firms average less than 4 percent of all sales and receipts nationally. Due to their small economic impact, these firms are excluded from most other Census Bureau business statistics (the primary exception being the Survey of Business Owners). The Nonemployers Statistics series is the primary resource available to study the scope and activities of nonemployers at a detailed geographic level. For complementary statistics on the firms that do have paid employees, refer to the County Business Patterns. Additional sources of data on small businesses include the Economic Census, and the Statistics of U.S. Businesses. The annual Nonemployer Statistics data are available approximately 18 months after each reference year. Data for years since 2002 are published via comma-delimited format (csv) for spreadsheet or database use, and in the American FactFinder (AFF). For help accessing the data, please refer to the Data User Guide.
This statistic shows the revenue of the industry “tax preparation services“ in New York from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of tax preparation services in New York will amount to approximately ***** million U.S. Dollars by 2024.
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United States - Revenue from Businesses for Publishing Industries (Except Internet), Establishments Subject to Federal Income Tax was 1.60000 % Chg. in January of 2025, according to the United States Federal Reserve. Historically, United States - Revenue from Businesses for Publishing Industries (Except Internet), Establishments Subject to Federal Income Tax reached a record high of 16.10000 in October of 2015 and a record low of -15.90000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Revenue from Businesses for Publishing Industries (Except Internet), Establishments Subject to Federal Income Tax - last updated from the United States Federal Reserve on July of 2025.
This statistic shows the revenue of the industry “tax preparation services“ in the U.S. from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of tax preparation services in the U.S. will amount to approximately ******* million U.S. Dollars by 2024.