Age 65 and Over Tax Exemptions for Delaware
This dataset tracks age 65 and over tax exemptions for delaware over time.
Latest Value
162000.00
Year-over-Year Change
75.20%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of individual income tax exemptions claimed for persons aged 65 and over in the state of Delaware. It provides insight into the elderly population and tax policy in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Age 65 and Over Tax Exemptions for Delaware series tracks the number of personal income tax exemptions claimed by Delaware residents aged 65 and older. This data is useful for analyzing the size and economic status of the senior population, as well as the impacts of tax policy on elderly households.
Methodology
The data is collected from individual tax returns filed with the Delaware Division of Revenue.
Historical Context
This metric is relevant for state policymakers evaluating the effectiveness of tax exemptions and credits targeted at seniors.
Key Facts
- Delaware provides a $2,000 personal income tax exemption for residents aged 65 and over.
- The number of 65+ tax exemptions claimed in Delaware has increased by 20% over the past decade.
- Seniors make up over 17% of Delaware's total population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individual income tax exemptions claimed by Delaware residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and economic status of Delaware's senior population, as well as the impacts of tax policy on elderly households.
Q: How is this data collected or calculated?
A: The data is collected from individual tax returns filed with the Delaware Division of Revenue.
Q: How is this trend used in economic policy?
A: This metric is relevant for state policymakers evaluating the effectiveness of tax exemptions and credits targeted at seniors.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months after the end of the tax year.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Delaware (AGEXMDE10A647NCEN), retrieved from FRED.