(Photo: Allison Bell/TA)
The Internal Revenue Service says the number of individual taxpayers reporting income from pensions and annuities continued to fall in 2016.
The number of taxpayers who included private pension or annuity income in their 2016 returns fell 1.2%, to 28 million.
The average amount of pension and annuity income per recipient increased 1.6%, to about $25,100.
Between 2014 and 2015, the number of taxpayers who reported getting pension or annuity income fell 0.5%. The average amount of pension or annuity income those taxpayers reported receiving increased 4.3%.
The IRS put the 2016 pension and annuity income numbers in a new collection of data from the tax returns filed in 2017, for 2016.
