Age 65 and Over Tax Exemptions for Vermont
This dataset tracks age 65 and over tax exemptions for vermont over time.
Latest Value
116000.00
Year-over-Year Change
67.00%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of tax exemptions claimed for individuals aged 65 and over in the state of Vermont. It is an important indicator of the economic well-being and tax burden faced by 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 Vermont series tracks the number of personal income tax exemptions claimed by Vermont residents aged 65 and older. This data provides insights into the financial status and tax implications for the state's aging population, which is crucial for policymakers and economists analyzing fiscal policy and demographics.
Methodology
The data is collected and reported annually by the U.S. Census Bureau through its American Community Survey.
Historical Context
This economic trend is closely monitored by state and local governments to understand the tax burden and economic needs of Vermont's senior citizens.
Key Facts
- Vermont has a higher percentage of residents aged 65 and over compared to the national average.
- Tax exemptions for seniors can provide financial relief and support aging in place.
- The number of tax exemptions claimed by older Vermonters has increased 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 Vermont residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial status and tax burden faced by Vermont's aging population, which is crucial for policymakers and economists analyzing fiscal policy and demographics.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Census Bureau through its American Community Survey.
Q: How is this trend used in economic policy?
A: This economic trend is closely monitored by state and local governments to understand the tax burden and economic needs of Vermont's senior citizens, which informs fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay of up to one year before the most recent figures are available.
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Citation
U.S. Census Bureau, Age 65 and Over Tax Exemptions for Vermont (AGEXMVT50A647NCEN), retrieved from FRED.