Age 65 and Over Tax Exemptions for Oklahoma
AGEXMOK40A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
453,000.00
Year-over-Year Change
40.20%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of tax exemptions claimed for individuals aged 65 and over in Oklahoma. It provides insights into the elderly population and their tax burden 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
The Age 65 and Over Tax Exemptions for Oklahoma tracks the number of tax exemptions claimed by residents aged 65 and older on their state income tax returns. This data point is used by economists and policymakers to analyze the financial well-being and tax status of the elderly population in Oklahoma.
Methodology
The data is collected from state income tax return filings.
Historical Context
This trend is relevant for understanding the economic security of retirees and informing state tax and social policy.
Key Facts
- Oklahoma offers tax exemptions for residents aged 65 and over.
- The number of exemptions claimed provides a measure of the elderly population in the state.
- Tax exemptions can impact the financial security of retirees in Oklahoma.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of tax exemptions claimed by Oklahoma residents aged 65 and over on their state income tax returns.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for economists and policymakers to analyze the financial well-being and tax status of the elderly population in Oklahoma.
Q: How is this data collected or calculated?
A: The data is collected from state income tax return filings.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the economic security of retirees and informing state tax and social policy.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limitations based on state tax filing and processing timelines.
Related Trends
Mean Adjusted Gross Income for Arizona
MEANAGIAZ4A052NCEN
Mean Adjusted Gross Income for Montana
MEANAGIMT30A052NCEN
State Tax Collections: T27 Public Utilities License for Arizona
QTAXT27QTAXCAT3AZNO
State Tax Collections: T27 Public Utilities License for South Carolina
QTAXT27QTAXCAT3SCNO
State Tax Collections: T01 Property Taxes for Maine
QTAXT01QTAXCAT3MENO
State Tax Collections: T21 Amusements License for Alabama
QTAXT21QTAXCAT3ALNO
Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Oklahoma (AGEXMOK40A647NCEN), retrieved from FRED.