Financial Accounts of the United States - Z.1
F.231 Taxes payable by businesses
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net change in taxes payable by businesses | FA893178005 | 19.0 | -0.8 | -9.5 | 93.8 | -58.9 | 345.6 | -386.7 | -53.1 | 56.1 |
| Line 2 | Nonfinancial corporate business | FA103178005 | -15.9 | -10.7 | -41.1 | -4.7 | 29.7 | 349.7 | -408.9 | -149.3 | 44.1 |
| Line 3 | Nonfinancial noncorporate business | FA113178003 | 5.4 | 5.3 | 7.4 | 5.2 | 6.6 | 6.3 | 7.7 | 7.0 | 8.5 |
| Line 4 | U.S.-chartered depository institutions | FA763178000 | 26.4 | 4.6 | 23.1 | 105.2 | -66.2 | -17.4 | 28.6 | 79.5 | 1.8 |
| Line 5 | Property-casualty insurance companies | FA513178005 | 0.5 | 1.4 | 0.8 | -20.7 | -21.6 | 8.2 | -12.1 | 4.0 | 3.1 |
| Line 6 | Life insurance companies | FA543178075 | 1.1 | -1.8 | 0.4 | 2.4 | -5.3 | -0.8 | -1.9 | 2.4 | 1.7 |
| Line 7 | Finance companies | FA613178005 | 1.9 | -0.1 | 1.8 | 3.1 | 1.6 | -0.9 | 2.9 | 0.8 | 4.4 |
| Line 8 | Brokers and dealers | FA663178003 | 0.1 | 1.4 | -0.9 | 3.2 | -3.8 | 0.4 | 1.1 | 2.4 | -7.5 |
| Line 9 | Holding companies | FA733178013 | -0.6 | -0.8 | -1.0 | 0.0 | 0.0 | 0.0 | -4.1 | 0.0 | 0.0 |
| Line 10 | Net change in business taxes receivable | FA893078005 | -2.6 | 8.3 | 75.9 | -78.9 | 210.4 | 69.6 | -294.7 | 165.4 | 363.4 |
| Line 11 | Federal government | FA313078000 | -26.9 | -1.5 | 68.5 | -88.5 | 198.7 | 69.1 | -297.5 | 153.4 | 349.2 |
| Line 12 | State and local governments | FA213078005 | 24.2 | 9.7 | 7.4 | 9.7 | 11.7 | 0.5 | 2.8 | 12.0 | 14.2 |
| Line 13 | Discrepancy | FA903078005 | 21.6 | -9.1 | -85.5 | 172.6 | -269.3 | 276.0 | -92.0 | -218.5 | -307.4 |
Last Update: 2026-03-19