Child Tax Exemptions for Delaware
CHEXMDE10A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
224,000.00
Year-over-Year Change
-3.01%
Date Range
1/1/1989 - 1/1/2022
Summary
The Child Tax Exemptions for Delaware trend measures the number of child tax exemptions claimed by Delaware residents. This metric is important for policymakers in understanding the state's demographics and 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 Child Tax Exemptions for Delaware data represents the total number of child tax exemptions claimed by individual taxpayers in the state of Delaware. This figure provides insight into family size, dependency ratios, and the impact of tax policies on households.
Methodology
The data is collected through individual tax filings and compiled by the U.S. Internal Revenue Service.
Historical Context
Policymakers and economists use this metric to analyze the effects of tax and family policies in Delaware.
Key Facts
- Delaware residents claimed over 200,000 child tax exemptions in 2021.
- The average number of child exemptions per tax return in Delaware is 1.3.
- Child tax exemptions represent an important deduction for many Delaware families.
FAQs
Q: What does this economic trend measure?
A: The Child Tax Exemptions for Delaware trend measures the total number of child tax exemptions claimed by individual taxpayers in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Delaware's family demographics and the impact of tax policies on households, making it relevant for policymakers and economists analyzing the state's economic and social trends.
Q: How is this data collected or calculated?
A: The data is collected through individual tax filings and compiled by the U.S. Internal Revenue Service.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the effects of tax and family policies in Delaware, informing decisions on taxation, social programs, and support for families.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as other tax-related statistics, with a potential lag of several months between the end of the tax year and the release of the finalized figures.
Related Trends
State Tax Collections: T24 Motor Vehicles License for Connecticut
QTAXT24QTAXCAT3CTNO
State Tax Collections: T29 Other License Taxes for Louisiana
QTAXT29QTAXCAT3LANO
State Tax Collections: T25 Motor Vehicle Operators License for Arizona
QTAXT25QTAXCAT3AZNO
State Tax Collections: Total Taxes for New York
QTAXTOTALQTAXCAT3NYNO
Child Tax Exemptions for Arizona
CHEXMAZ4A647NCEN
Poverty Tax Exemptions Under Age 65 for Virginia
PLT65EXMVA51A647NCEN
Citation
U.S. Federal Reserve, Child Tax Exemptions for Delaware (CHEXMDE10A647NCEN), retrieved from FRED.