How much revenue has the U.S. government collected this year?

Government revenue is income received from taxes and other sources to pay for government expenditures. The U.S. government has collected $4.69 trillion in fiscal year 2025.

$4,690,953,398,854
Fiscal year-to-date (since October 2024) total updated monthly using the Monthly Treasury Statement (MTS) dataset.

Compared to the federal revenue of $4.39 trillion for the same period last year (Oct 2023 - Aug 2024) federal revenue has increased by $300 billion.

$300 B    7%

Key Takeaways

In fiscal year (FY) 2024, the largest source of federal revenue was Individual Income Taxes (49.3% of total revenue). So far in fiscal year 2025, the largest source of federal revenue is Individual Income Taxes (50.3% of total revenue). Federal revenue is used to fund a variety of goods, programs, and services to support the American public and pay interest on government debt.

Federal Revenue Overview

Where does federal revenue come from? The federal government collects revenue from taxes, customs duties, leases, natural resources, usage and licensing fees, and payments to federal agencies. In FY 2024, it spent $6.75 trillion, resulting in a deficit of $1.83 trillion.

Sources of Federal Revenue

Most of the revenue the U.S. government collects comes from contributions from individual taxpayers, small businesses, and corporations through taxes. In FY 2025, individual income taxes accounted for 50% of total revenue while Social Security and Medicare taxes made up another 34%.

Federal Revenue Trends Over Time

The majority of federal revenue comes from income and social insurance taxes. Federal revenue increases during periods of higher earnings and higher tax rates, and decreases when earnings or tax rates drop.

Federal Revenue and the U.S. Economy

In FY 2024, federal revenue equaled 17% of GDP. Comparing revenue to GDP helps gauge the federal government's size relative to the overall economy. Since 2015, the Revenue-to-GDP ratio has decreased from 18% to 17%.