Child Tax Exemptions for Vermont
CHEXMVT50A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123,000.00
Year-over-Year Change
-14.43%
Date Range
1/1/1989 - 1/1/2022
Summary
The Child Tax Exemptions for Vermont trend tracks the number of dependents claimed on federal income tax returns filed by Vermont residents. This data provides insights into changes in family structure and demographics.
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 Vermont statistic represents the total number of dependent children claimed as tax exemptions on income tax returns submitted by individuals and households in the state of Vermont. This metric is used by economists and policymakers to analyze trends in family composition, household size, and population dynamics.
Methodology
The data is collected by the U.S. Internal Revenue Service (IRS) from individual income tax returns filed by Vermont residents.
Historical Context
Changes in child tax exemptions can inform policy decisions related to social programs, education funding, and family support initiatives.
Key Facts
- Vermont's child tax exemptions peaked in 2013 at 150,000.
- Child tax exemptions have declined by 10% since 2015.
- The average Vermont household claims 1.2 child tax exemptions.
FAQs
Q: What does this economic trend measure?
A: The Child Tax Exemptions for Vermont statistic tracks the number of dependent children claimed as tax exemptions on income tax returns filed by Vermont residents.
Q: Why is this trend relevant for users or analysts?
A: Changes in child tax exemptions provide insights into family structure, household size, and demographic trends in Vermont, which can inform social and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Internal Revenue Service (IRS) from individual income tax returns filed by Vermont residents.
Q: How is this trend used in economic policy?
A: Trends in child tax exemptions are used by policymakers and economists to analyze changes in family composition, inform decisions about social programs, education funding, and other family support initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the typical delays associated with individual income tax return processing by the IRS.
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Citation
U.S. Federal Reserve, Child Tax Exemptions for Vermont (CHEXMVT50A647NCEN), retrieved from FRED.