Age 65 and Over Tax Exemptions for North Carolina
AGEXMNC37A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,280,000.00
Year-over-Year Change
66.32%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the total number of tax exemptions claimed for individuals aged 65 and over in North Carolina. It provides insight into the economic status and financial needs of the state's senior population.
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 North Carolina metric tracks the number of taxpayers aged 65 and older who have claimed state-level tax exemptions. This data point is used by economists and policymakers to assess the economic well-being and financial situation of the state's retiree population.
Methodology
The data is collected by the North Carolina Department of Revenue through individual tax filings.
Historical Context
This trend helps inform state-level tax and social welfare policies targeted at supporting the elderly population.
Key Facts
- North Carolina has over 1.5 million residents aged 65 and older.
- Tax exemptions for seniors help reduce their state tax burden.
- The number of senior tax exemptions has grown by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of tax exemptions claimed by individuals aged 65 and over in the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to assess the economic status and financial needs of North Carolina's senior population.
Q: How is this data collected or calculated?
A: The data is collected by the North Carolina Department of Revenue through individual tax filings.
Q: How is this trend used in economic policy?
A: This trend helps inform state-level tax and social welfare policies targeted at supporting the elderly population in North Carolina.
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 North Carolina (AGEXMNC37A647NCEN), retrieved from FRED.