The latest Federal Income Tax data for 2024 reveals that Americans filed 153.6 million tax returns, reporting over $14.7 trillion in adjusted gross income (AGI) and paying nearly $2.2 trillion in individual income tax. According to IBISWorld, there are approximately 425,000 to 450,000 legal firms in the U.S. that manage these taxes. The market size for online legal services, measured by revenue, was $12.6 billion in 2023.
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