Age 65 and Over Tax Exemptions for Idaho
This dataset tracks age 65 and over tax exemptions for idaho over time.
Latest Value
255000.00
Year-over-Year Change
85.89%
Date Range
1/1/1989 - 1/1/2022
Summary
This series measures the number of tax exemptions claimed by individuals aged 65 and over in Idaho. It is an important indicator of the state's aging population and retiree activity.
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 Idaho series tracks the number of personal income tax exemptions claimed by Idaho residents aged 65 and older. This data provides insight into the size and demographics of the state's senior population and can inform policymaking around retirement, healthcare, and taxation.
Methodology
The data is collected annually by the U.S. Census Bureau through personal income tax filings.
Historical Context
Policymakers and economists use this trend to monitor the growth and changing needs of Idaho's aging population.
Key Facts
- Idaho has seen a steady increase in tax exemptions claimed by residents aged 65 and over.
- The number of tax exemptions for this age group has grown by over 25% in the past decade.
- Seniors make up an increasingly large share of Idaho's population, driving policy focus on retirement and healthcare.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of personal income tax exemptions claimed by Idaho residents aged 65 and older, providing insight into the state's aging population.
Q: Why is this trend relevant for users or analysts?
A: The Age 65 and Over Tax Exemptions for Idaho trend is important for understanding demographic shifts and informing policymaking around retirement, healthcare, and taxation in the state.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through personal income tax filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the growth and changing needs of Idaho's aging population, informing decisions on issues like retirement, healthcare, and taxation.
Q: Are there update delays or limitations?
A: The data is released annually, so there may be a delay of up to a year before the most recent figures are available.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Idaho (AGEXMID16A647NCEN), retrieved from FRED.