Age 65 and Over Tax Exemptions for Texas
This dataset tracks age 65 and over tax exemptions for texas over time.
Latest Value
2760000.00
Year-over-Year Change
67.81%
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 the state of Texas. It provides insight into the elderly 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 Texas series tracks the number of personal income tax exemptions claimed by Texas residents aged 65 and older. This data offers economic analysts a view into the size and tax situation of the senior population in the state.
Methodology
The data is collected through individual income tax filing records in Texas.
Historical Context
This trend is useful for policymakers and researchers studying the economic well-being of the elderly in Texas.
Key Facts
- Texas has no state income tax.
- The number of tax exemptions has grown over time.
- The exemption provides tax relief for seniors in Texas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of personal income tax exemptions claimed by Texas residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: The data provides insight into the size and economic well-being of the senior population in Texas.
Q: How is this data collected or calculated?
A: The data is collected through individual income tax filing records in Texas.
Q: How is this trend used in economic policy?
A: Policymakers and researchers use this data to study the economic situation of the elderly in Texas.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of individual tax filing and processing in Texas.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Texas (AGEXMTX48A647NCEN), retrieved from FRED.