Financial Accounts of the United States - Z.1
L.231 Taxes Payable by Businesses
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; taxes payable; liability | FL893178005 | 598.1 | 565.1 | 588.3 | 578.7 | 607.2 | 561.7 | 595.4 | 578.7 | 594.8 | 1 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 249.8 | 265.6 | 249.7 | 225.5 | 278.1 | 219.3 | 224.2 | 225.5 | 248.7 | 2 |
| Nonfinancial noncorporate business; taxes payable; liability | FL113178003 | 202.3 | 229.7 | 239.3 | 249.4 | 241.5 | 243.5 | 246.3 | 249.4 | 252.0 | 3 |
| U.S.-chartered depository institutions; total taxes payable (net); liability | FL763178000 | 104.1 | 30.2 | 56.6 | 61.3 | 39.8 | 45.9 | 75.0 | 61.3 | 49.6 | 4 |
| Property-casualty insurance companies; total taxes payable; liability | FL513178005 | 10.3 | 10.5 | 11.0 | 12.4 | 15.0 | 23.0 | 17.8 | 12.4 | 14.5 | 5 |
| Life insurance companies, general accounts; total taxes payable; liability | FL543178075 | 7.2 | 6.0 | 7.2 | 5.4 | 7.7 | 6.1 | 6.7 | 5.4 | 5.2 | 6 |
| Finance companies; total taxes payable; liability | FL613178005 | 14.9 | 16.6 | 18.6 | 18.4 | 18.2 | 17.3 | 18.0 | 18.4 | 18.4 | 7 |
| Security brokers and dealers; taxes payable; liability | FL663178003 | 6.8 | 3.9 | 4.0 | 5.4 | 5.0 | 5.5 | 6.3 | 5.4 | 5.5 | 8 |
| Holding companies; taxes payable, tax on foreign earnings retained abroad; liability | FL733178013 | 2.8 | 2.5 | 1.9 | 1.0 | 1.9 | 1.0 | 1.0 | 1.0 | 1.0 | 9 |
| All sectors; taxes receivable; asset | FL893078005 | 730.0 | 734.8 | 677.0 | 714.8 | 760.2 | 674.6 | 699.8 | 714.8 | 793.9 | 10 |
| Federal government; total taxes receivable; asset | FL313078000 | 492.2 | 455.8 | 388.4 | 416.1 | 469.4 | 381.7 | 404.2 | 416.1 | 491.6 | 11 |
| State and local governments; taxes receivable; asset | FL213078005 | 237.8 | 279.0 | 288.7 | 298.7 | 290.8 | 292.9 | 295.6 | 298.7 | 302.2 | 12 |
| Instrument discrepancies; taxes receivable | FL903078005 | -131.9 | -169.8 | -88.7 | -136.1 | -153.0 | -112.9 | -104.4 | -136.1 | -199.1 | 13 |
Last Update: June 12, 2025