Age 65 and Over Tax Exemptions for Utah
This dataset tracks age 65 and over tax exemptions for utah over time.
Latest Value
318000.00
Year-over-Year Change
72.90%
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 the state of Utah. It provides insight into the aging population and tax policies that support older adults.
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 Utah metric tracks the number of personal income tax exemptions claimed by Utah residents aged 65 and older. This data point is used by economists and policymakers to analyze trends in the state's aging population and evaluate the effectiveness of tax policies intended to support older adults.
Methodology
The data is collected by the U.S. Census Bureau through individual tax filings.
Historical Context
This trend informs discussions around retirement, cost of living, and state-level tax incentives for senior citizens.
Key Facts
- Utah has one of the youngest populations in the U.S.
- Tax exemptions provide financial relief for older adults in Utah
- The number of tax exemptions has grown steadily over the past decade
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of personal income tax exemptions claimed by Utah residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the aging population in Utah and the effectiveness of tax policies designed to support older adults.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through individual tax filings.
Q: How is this trend used in economic policy?
A: This trend informs discussions around retirement, cost of living, and state-level tax incentives for senior citizens.
Q: Are there update delays or limitations?
A: The data is released annually with a brief delay to allow for tax filing and processing.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Utah (AGEXMUT49A647NCEN), retrieved from FRED.