Age 65 and Over Tax Exemptions for Kansas
This dataset tracks age 65 and over tax exemptions for kansas over time.
Latest Value
406000.00
Year-over-Year Change
38.06%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'Age 65 and Over Tax Exemptions for Kansas' series tracks the number of income tax exemptions claimed by Kansans aged 65 and older. This data provides insight into the aging population and tax burden for 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 economic indicator measures the number of personal income tax exemptions claimed by Kansas residents aged 65 and over. It serves as a proxy for the size of the senior population and can inform policy discussions around tax policy, retirement, and social services for the aging population.
Methodology
The data is collected through individual income tax filings in the state of Kansas.
Historical Context
This trend is used by state policymakers, demographers, and tax analysts to understand the evolving needs and financial circumstances of Kansas's senior population.
Key Facts
- Kansas has over 400,000 residents aged 65 and older.
- The number of tax exemptions for seniors has grown by 10% over the past decade.
- Seniors account for nearly 15% of Kansas's total population.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of personal income tax exemptions claimed by Kansas residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and financial circumstances of Kansas's aging population, which is critical for informing tax, retirement, and social services policy.
Q: How is this data collected or calculated?
A: The data is collected through individual income tax filings in the state of Kansas.
Q: How is this trend used in economic policy?
A: State policymakers, demographers, and tax analysts use this trend to understand the evolving needs and financial situation of Kansas's senior population.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months following the end of the tax year.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Kansas (AGEXMKS20A647NCEN), retrieved from FRED.