Some of you may have noticed that companies are disclosing more tax information lately, thanks to a new accounting rule that requires filers to break out taxes paid to federal, state, local, and even overseas tax authorities.

If tax analysis is your thing, fear not! Calcbench has an easy way to find all this information and we’ve even cooked up a template to track tax disclosures automatically.

These new disclosures arise from updates to tax accounting rules that the Financial Accounting Standards Board adopted in 2023, and which went into effect with annual 10-K filings that companies started to make this month. Previously, companies only disclosed a single number for “income tax provisions.” Now they must report individual amounts and percentages for a variety of taxes paid or tax credits claimed, and do so in a nice table format.

One of the first companies to report these new details was Netflix ($NFLX), with its annual report filed on Jan. 23. Figure 1, below, is the new table that you see when you go digging through Netflix’ tax footnote.

Here is another example from Facebook — er, Meta Platforms ($META) — from its 10-K filed on Thursday morning. See Figure 2, below.

You can find these tables and disclosures via the Calcbench Disclosures & Footnotes Query page. Just look up the 10-K filing of the company you’re researching, find the tax footnote from the disclosures pull-down menu on the left side of the screen, and the disclosures will be in there. You can also try searching for “ASU 2023-09” in the text, since that’s the accounting rule prompting these new disclosures.

And of course, since Calcbench is all about ease of finding data, we have a few other short-cuts you can use too.

Finding Tax Data Quickly

One way to find tax disclosures quickly is via our Multi-Company page. Once you configure the group of companies you want to study, you can enter “income taxes” in the search fields and the disclosures that companies have made (if any) will automatically appear. 

For example, we searched the S&P 500 for companies that have already filed their 2025 annual reports, and looked up the federal, state and local, and foreign taxes paid. Figure 3, below, shows some of the results.

As you can see, a large number of companies still haven’t filed 2025 reports yet so we don’t have much data — but it will come soon! As companies file, Calcbench automatically indexes and collates that information so it’s at your fingertips. (You can also export the data to Excel for further analysis on your own desktop.) 

Calcbench also created a template to capture these tax disclosures as companies file them. The data populates automatically, so you’re getting the most comprehensive information as fast as possible. All you need is (a) a Premium-level Calcbench subscription; and (b) the Calcbench Excel Add-In. (If you need help with either of those, drop us an email at us@calcbench.com.)

That’s all there is to it!