Age 65 and Over Tax Exemptions for Iowa
This dataset tracks age 65 and over tax exemptions for iowa over time.
Latest Value
453000.00
Year-over-Year Change
39.68%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'Age 65 and Over Tax Exemptions for Iowa' trend measures the number of income tax exemptions claimed by Iowans aged 65 and older. This metric provides insights into the aging population and tax policies affecting senior citizens 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
This series tracks the number of personal income tax exemptions claimed by Iowans aged 65 and above. It serves as an indicator of the state's aging demographics and the utilization of tax policies designed to support senior citizens.
Methodology
The data is collected through individual income tax filings in the state of Iowa.
Historical Context
This trend is relevant for policymakers and economists analyzing the socioeconomic conditions and tax implications for older adults in Iowa.
Key Facts
- Iowa offers tax exemptions for individuals aged 65 and older.
- The number of tax exemptions claimed by seniors has increased over time.
- Tax policies for the elderly can impact their cost of living and financial security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of personal income tax exemptions claimed by Iowans aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the aging population and the utilization of tax policies designed to support senior citizens in Iowa.
Q: How is this data collected or calculated?
A: The data is collected through individual income tax filings in the state of Iowa.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing the socioeconomic conditions and tax implications for older adults in Iowa.
Q: Are there update delays or limitations?
A: The data is subject to the timely filing and processing of individual income tax returns in Iowa.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Iowa (AGEXMIA19A647NCEN), retrieved from FRED.