Financial Accounts of the United States - Z.1
F.231 Taxes Payable by Businesses
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2022 | 2023 | 2024 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; taxes payable; liability | FA893178005 | -33.1 | 11.6 | -13.7 | 10.7 | 56.5 | 50.3 | -140.7 | 106.6 | -71.0 | 1 |
| Nonfinancial corporate business; total taxes payable; liability | FA103178005 | 15.8 | -27.5 | -34.7 | 5.2 | -56.1 | 60.9 | -188.7 | 2.3 | -13.1 | 2 |
| Nonfinancial noncorporate business; taxes payable; liability | FA113178003 | 27.4 | 9.6 | 10.0 | 4.6 | 7.7 | 8.5 | 8.3 | 10.8 | 12.5 | 3 |
| U.S.-chartered depository institutions; total taxes payable (net); liability | FA763178000 | -73.9 | 26.4 | 4.7 | -6.8 | 94.6 | -40.1 | 19.6 | 105.3 | -66.1 | 4 |
| Property-casualty insurance companies; total taxes payable; liability | FA513178005 | 0.2 | 0.5 | 7.5 | 0.8 | 6.8 | 16.0 | 31.8 | -20.7 | 2.8 | 5 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | -1.1 | 1.1 | -1.6 | 3.6 | 2.3 | 2.3 | -6.6 | 2.4 | -4.5 | 6 |
| Finance companies; total taxes payable; liability | FA613178005 | 1.8 | 1.9 | -0.2 | 2.2 | 6.3 | -1.3 | -3.9 | 3.2 | 1.3 | 7 |
| Security brokers and dealers; taxes payable; liability | FA663178003 | -2.9 | 0.1 | 1.4 | 1.0 | -5.2 | 4.1 | 2.1 | 3.2 | -3.8 | 8 |
| Holding companies; taxes payable, tax on foreign earnings retained abroad; liability | FA733178013 | -0.3 | -0.6 | -0.8 | 0.0 | 0.0 | 0.0 | -3.3 | 0.0 | 0.0 | 9 |
| All sectors; taxes receivable; asset | FA893078005 | 5.8 | -0.8 | -12.6 | 36.4 | -16.6 | 103.6 | -237.0 | -96.1 | 179.0 | 10 |
| Federal government; total taxes receivable; asset | FA313078000 | -35.5 | -10.4 | -22.7 | 27.9 | -28.9 | 100.2 | -240.8 | -111.4 | 161.4 | 11 |
| State and local governments; taxes receivable; asset | FA213078005 | 41.2 | 9.6 | 10.0 | 8.5 | 12.2 | 3.4 | 3.9 | 15.3 | 17.6 | 12 |
| Instrument discrepancies; taxes receivable | FA903078005 | -38.8 | 12.4 | -1.1 | -25.7 | 73.1 | -53.2 | 96.2 | 202.7 | -250.0 | 13 |
Last Update: March 13, 2025