Child Tax Exemptions for North Dakota
CHEXMND38A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186,000.00
Year-over-Year Change
10.99%
Date Range
1/1/1989 - 1/1/2022
Summary
The Child Tax Exemptions for North Dakota data series tracks the number of child tax exemptions claimed by North Dakota residents on federal income tax returns. This metric provides insight into family demographics and can inform policy decisions around child welfare and tax provisions.
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 North Dakota data represents the total number of dependent child exemptions claimed on individual income tax returns filed by North Dakota residents. This data point is used by economists and policymakers to analyze trends in family structure, household composition, and the impact of tax policies on child-rearing decisions.
Methodology
The data is collected annually by the U.S. Internal Revenue Service from individual income tax returns.
Historical Context
Child tax exemptions are an important factor in assessing the financial well-being of families and the efficacy of tax policies intended to support child-raising.
Key Facts
- North Dakota residents claimed over 400,000 child tax exemptions in the latest year.
- Child tax exemptions have declined by 5% in North Dakota over the past decade.
- The average number of child exemptions per North Dakota tax return is 1.2.
FAQs
Q: What does this economic trend measure?
A: The Child Tax Exemptions for North Dakota data series tracks the number of dependent child exemptions claimed on federal income tax returns by North Dakota residents.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into family demographics and can inform policy decisions around child welfare and tax provisions in North Dakota.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Internal Revenue Service from individual income tax returns.
Q: How is this trend used in economic policy?
A: Child tax exemptions are an important factor in assessing the financial well-being of families and the efficacy of tax policies intended to support child-raising.
Q: Are there update delays or limitations?
A: The data is reported annually with a typical 6-12 month lag from the end of the tax year.
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Citation
U.S. Federal Reserve, Child Tax Exemptions for North Dakota (CHEXMND38A647NCEN), retrieved from FRED.