Data · fiscal year 2026
Where federal tax dollars go
What the federal government took in and spent in its 2026 fiscal year, by source and by purpose, from the Treasury's own year-end statement.
Data: Fiscal year 2026 (October 1, 2025 to September 30, 2026), with fiscal year 2025 for comparison Sources read Review by
CheckedOct 19, 2026The federal fiscal year 2026 ran from October 1, 2025 to September 30, 2026. In that year the federal government collected $5.40 trillion and spent $7.40 trillion (net outlays), so it ran a deficit of $1.99 trillion that was covered by borrowing.
Out of every hundred dollars spent, $22.54 went to social Security, $14.50 went to medicare, $14.22 went to net interest, $13.87 went to health. Individual income taxes were the largest source of money, at 52.7% of receipts, followed by payroll taxes at 33.5%.
Receipts
$5.40 trillion
Net outlays
$7.40 trillion
Deficit
$1.99 trillion
What the money was spent on
| Line | Fiscal 2026 | Share of total | Fiscal 2025 |
|---|---|---|---|
| Social Security | $1,667.1 billion | 22.5% | $1,580.7 billion |
| Medicare | $1,072.6 billion | 14.5% | $996.7 billion |
| Net interest | $1,051.8 billion | 14.2% | $970.4 billion |
| Health | $1,025.6 billion | 13.9% | $978.9 billion |
| National defense | $965.2 billion | 13.1% | $916.6 billion |
| Income security | $694.2 billion | 9.4% | $701.6 billion |
| Veterans benefits and services | $416.2 billion | 5.6% | $377.2 billion |
| Transportation | $142.9 billion | 1.9% | $145.8 billion |
| Administration of justice | $109.9 billion | 1.5% | $85.2 billion |
| Education, training, employment and social services | $107.6 billion | 1.4% | $71.0 billion |
| Community and regional development | $62.4 billion | 0.8% | $84.5 billion |
| Natural resources and environment | $57.1 billion | 0.8% | $88.3 billion |
| Agriculture | $52.6 billion | 0.7% | $49.4 billion |
| International affairs | $48.0 billion | 0.7% | $45.2 billion |
| General science, space and technology | $39.9 billion | 0.5% | $42.1 billion |
| General government | $32.3 billion | 0.4% | $34.5 billion |
| Energy | $21.0 billion | 0.3% | $20.9 billion |
| Commerce and housing credit | −$15.5 billion | −0.2% | −$28.6 billion |
| Undistributed offsetting receipts | −$155.0 billion | −2.1% | −$150.2 billion |
| Total net outlays | $7,395.8 billion | All | $7,010.0 billion |
Where the money came from
| Line | Fiscal 2026 | Share of total | Fiscal 2025 |
|---|---|---|---|
| Individual income taxes | $2,845.5 billion | 52.7% | $2,656.0 billion |
| Social Security and Medicare payroll taxes (employment and general retirement) | $1,754.3 billion | 32.5% | $1,685.6 billion |
| Unemployment insurance taxes | $49.1 billion | 0.9% | $54.0 billion |
| Other retirement receipts | $8.4 billion | 0.2% | $8.6 billion |
| Corporation income taxes | $381.4 billion | 7.1% | $452.1 billion |
| Customs duties | $173.2 billion | 3.2% | $194.9 billion |
| Excise taxes | $106.0 billion | 2.0% | $105.9 billion |
| Estate and gift taxes | $38.7 billion | 0.7% | $29.5 billion |
| Miscellaneous receipts | $46.7 billion | 0.9% | $47.9 billion |
| Total receipts | $5,403.3 billion | All | $5,234.6 billion |
How we built this
- Source: the Monthly Treasury Statement for September 2026, Table 9, which covers the whole fiscal year. We downloaded it from the Treasury's FiscalData service and copied each line as published, in dollars and cents.
- What we calculated: the deficit (outlays minus receipts), the payroll tax group (three receipt lines added together) and each line's share of its total. Every calculation is recorded in the extract with the lines it uses.
- Checks: the receipt lines add up to total receipts and the spending lines add up to total net outlays, to the cent, for both years.
- Reading it: these are net outlays by budget function, the government's own grouping. Health includes Medicaid; income security includes refundable tax credits, food assistance and federal retirement; offsetting receipts are payments to the government counted against spending. Year-end figures can be revised slightly in later statements.
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The extract this page is built from, with the source, table and row for every value: JSON · CSV.