Document headings vary by document type but may contain
                    the following: the agency or agencies that issued and signed a document
the number of the CFR title and the number of each part
                      the document amends, proposes to amend, or is directly
                      related to
the agency docket number / agency internal file number
the RIN which identifies each regulatory action listed in
                      the Unified Agenda of Federal Regulatory and Deregulatory
                      Actions See the
                    Document Drafting Handbook
                    for more details.
 Department of the Treasury
 AGENCY: Departmental Offices, U.S. Department of the Treasury.
 ACTION: Notice.
 SUMMARY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning the burden associated with the U.S. Income Tax Return Forms for Individual Taxpayers.
 DATES: Comments should be received on or before January 21, 2025 to be assured of consideration.
 ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to 
                        *www.reginfo.gov/​public/​do/​PRAMain.*
                         Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function.
 FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Melody Braswell by emailing 
                        *PRA@treasury.gov,*
                         calling (202) 622-1035, or viewing the entire information collection request at 
                        *www.reginfo.gov.*


SUPPLEMENTARY INFORMATION: Internal Revenue Service (IRS) *Title:*
                     U.S. Income Tax Return for Individual Taxpayers. *OMB Number:*
                     1545-0074. *Form Numbers:*
                     Form 1040 and affiliated return forms. *Abstract:*
                     IRC sections 6011 & 6012 of the Internal Revenue Code require individuals to prepare and file income tax returns annually. These forms and related schedules are used by individuals to report their income subject to tax and compute their correct tax liability. This information collection request (ICR) covers the actual reporting burden associated with preparing and submitting the prescribed return forms, by individuals required to file Form 1040 and any of its affiliated forms as explained in the attached table. *Current Actions:*
                     There have also been changes in regulatory guidance related to various forms approved under this approval package during the past year. There have been additions and removals of forms included in this approval package. In filing season 2025, the Internal Revenue Service (IRS) will continue to employ its free direct e-file tax return system (Direct File) as an optional service available to taxpayers with supported tax situations. *Type of Review:*
                     Revision of a currently approved collection. *Affected Public:*
                     Individuals or Households, Farms. *Estimated Number of Respondents:*
                     168,800,000. *Estimated Time per Respondent (Hours):*
                     12 hrs. 37 mins. *Estimated Total Annual Time (Hours):*
                     2,129,000,000. *Estimated Total Annual Monetized Time ($):*
                     44,997,000,000. *Estimated Out-of-Pockets Costs ($):*
                     48,683,000,000. *Estimated Total Monetized Burden ($):*
                     93,680,000,000. Note: Total Monetized Burden = Total Out-of-Pocket Costs + Total Annual Monetized Time. Tax Compliance Burden Tax compliance burden is defined as the time and money taxpayers spend to comply with their tax filing responsibilities. Time-related activities include recordkeeping, tax planning, gathering tax materials, learning about the law and what you need to do, and completing and submitting the return. Out-of-pocket costs include expenses such as purchasing tax software, paying a third-party preparer, and printing and postage. Tax compliance burden does not include a taxpayer's tax liability, economic inefficiencies caused by sub-optimal choices related to tax deductions or credits, or psychological costs.
                    ( print page 103934) Table 1—Fiscal Year 2025 Estimated Average Taxpayer Burden for Individuals Filing a 1040 by Activity
Primary form filed or type of taxpayer
Time burden
Money burdenPercentage
                             of returns
Average time burden
                             (hours)
Average 
                             cost 
                             (dollars)
Total 
                             monetized  
                             burden 
                             (dollars)Total time
Recordkeeping
Tax
                             planning
Form
                             completion 
                             and 
                             submission
All otherAll Taxpayers
100
13
5
3
4
1
$290
$560Type of Taxpayer:Nonbusiness *
71
8
3
1
3
1
160
310Business *
29
24
11
5
6
2
620
1,170**Note:**
                         Detail may not add to total due to rounding. Dollars rounded to the nearest $10.*A “business” filer files one or more of the following with Form 1040: Schedule C, E, F, or Form 2106. A “nonbusiness” filer does not file any of these schedules or forms with Form 1040.Source: IRS:RAAS:KDA:TBL (11-25-2024).
 Table 2—Fiscal Year 2025 Taxpayer Burden Statistics by Total Positive Income Quintile
Total positive income quintiles
Average time
                             (hours)
Average 
                             out-of-pocket  
                             costs
Average total 
                             monetized burden**All Filers**0 to 20
7.8
$80
$14620 to 40
10.9
128
24240 to 60
11.6
165
32760 to 80
13.1
232
48080 to 100
22.7
726
1,497**Wage and Investment Filers**0 to 20
6.9
71
12920 to 40
9.3
112
21240 to 60
9.0
139
27760 to 80
9.1
185
38480 to 100
10.8
322
737**Self Employed Filers**0 to 20
11.9
125
22520 to 40
18.5
204
37940 to 60
21.0
258
50760 to 80
22.0
338
69780 to 100
33.1
1,077
2,155Source IRS:RAAS:KDA:TBL (11-25-2024).
 (Authority: 44 U.S.C. 3501 
                        *et seq.*) Melody Braswell, Treasury PRA Clearance Officer.


[FR Doc. 2024-30074 Filed 12-18-24; 8:45 am] BILLING CODE 4830-01-P