Child Tax Exemptions for Arkansas
This dataset tracks child tax exemptions for arkansas over time.
Latest Value
722000.00
Year-over-Year Change
-3.50%
Date Range
1/1/1989 - 1/1/2022
Summary
The Child Tax Exemptions for Arkansas measure the total number of child tax exemptions claimed by Arkansas taxpayers. This data provides insight into family demographics and tax policy.
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 Child Tax Exemptions for Arkansas tracks the number of child tax exemptions claimed on income tax returns filed by Arkansas residents. This metric is used by economists and policymakers to analyze family structure, income levels, and the impact of tax policies.
Methodology
The data is collected from individual income tax returns filed with the Internal Revenue Service.
Historical Context
Child tax exemptions are an important factor in understanding the economic well-being of families and the effects of tax policy.
Key Facts
- Arkansas has over 1 million child tax exemptions claimed annually.
- The child tax exemption amount was $4,050 per child in 2018.
- Child tax exemptions reduce taxable income for qualifying dependents.
FAQs
Q: What does this economic trend measure?
A: The Child Tax Exemptions for Arkansas measures the total number of child tax exemptions claimed by Arkansas taxpayers on their income tax returns.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into family demographics and the impact of tax policies on households in Arkansas.
Q: How is this data collected or calculated?
A: The data is collected from individual income tax returns filed with the Internal Revenue Service.
Q: How is this trend used in economic policy?
A: Child tax exemptions are an important factor in understanding the economic well-being of families and the effects of tax policy.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of IRS tax return information.
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Citation
U.S. Federal Reserve, Child Tax Exemptions for Arkansas (CHEXMAR5A647NCEN), retrieved from FRED.