Age 65 and Over Tax Exemptions for North Dakota
This dataset tracks age 65 and over tax exemptions for north dakota over time.
Latest Value
103000.00
Year-over-Year Change
45.04%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of tax exemptions for individuals aged 65 and over in North Dakota. It provides insight into the state's tax policies targeting older residents.
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 Dakota series tracks the number of personal income tax exemptions claimed by North Dakotans aged 65 and older. This metric helps policymakers understand the state's efforts to provide tax relief for its aging population.
Methodology
The data is collected annually by the U.S. Census Bureau through tax filings.
Historical Context
This trend is relevant for assessing North Dakota's tax policies and their impact on the state's older residents.
Key Facts
- North Dakota has one of the highest proportions of residents aged 65 and over in the U.S.
- Tax exemptions for older adults can help offset the cost of living for retirees on fixed incomes.
- The number of tax exemptions claimed has increased steadily over the past decade in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of personal income tax exemptions claimed by North Dakota residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into North Dakota's efforts to support its aging population through tax policies targeting older residents.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through individual tax filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this trend to assess the state's tax policies and their impact on older North Dakotans.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for North Dakota (AGEXMND38A647NCEN), retrieved from FRED.