Age 65 and Over Tax Exemptions for New Mexico
This dataset tracks age 65 and over tax exemptions for new mexico over time.
Latest Value
287000.00
Year-over-Year Change
59.56%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of tax exemptions claimed by individuals aged 65 and over in New Mexico. It provides insights into the state's aging population and their tax burden.
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 New Mexico data series tracks the number of tax exemptions claimed by residents aged 65 and older in the state. This metric helps analysts and policymakers understand demographic shifts and the fiscal impact of tax policies targeting senior citizens.
Methodology
The data is collected through individual tax filings in New Mexico.
Historical Context
This trend is relevant for state-level fiscal and economic policy discussions.
Key Facts
- New Mexico has a higher-than-average share of residents aged 65 and over.
- Tax exemptions for seniors can impact state revenue and spending priorities.
- The trend has shown steady increases over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of tax exemptions claimed by individuals aged 65 and over in the state of New Mexico.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into New Mexico's aging population and the fiscal impact of tax policies targeting senior citizens, which is valuable for state-level economic and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through individual tax filings in New Mexico.
Q: How is this trend used in economic policy?
A: This trend is relevant for state-level fiscal and economic policy discussions, as it can inform decisions around tax policies and programs for the elderly population.
Q: Are there update delays or limitations?
A: The data is updated annually and may be subject to revisions or lags in reporting.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for New Mexico (AGEXMNM35A647NCEN), retrieved from FRED.