# U.S. Corporate Tax Receipts Drop 16% to $381.4 Billion in Fiscal 2026 By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/35204 Published: 2026-10-20T01:54:15.000Z Updated: 2026-10-20T01:54:15.000Z Section: Regulation > Total federal revenue rose to $5.40 trillion, but spending grew faster and the deficit widened. U.S. corporate income tax receipts fell 16% to $381.4 billion in fiscal 2026, even as overall federal revenue rose and faster growth in spending widened the budget deficit. Corporate tax collections were $452.1 billion in fiscal 2025, making the decline $70.7 billion. The 2026 fiscal year ended Sept. 30. Individual income tax receipts moved in the opposite direction, rising to $2.85 trillion from $2.66 trillion. Total federal receipts increased to $5.40 trillion from $5.23 trillion, despite the drop in corporate collections. A tax law passed in 2025 expanded the immediate deductions available for certain business investments. Federal spending climbed to $7.40 trillion from $7.01 trillion. With outlays growing faster than receipts, the [federal budget deficit]() widened to $1.99 trillion from $1.78 trillion in fiscal 2025. ## Links in this article - [federal budget deficit](https://www.tokenpost.com/news/regulation/33902)