Total Tax Exemptions Under Age 65 for Connecticut
LT65EXMCT9A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,539,000.00
Year-over-Year Change
-7.20%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the total number of tax exemptions claimed for individuals under age 65 in the state of Connecticut. It provides insight into the demographic and economic profile of the state's working-age population.
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 Total Tax Exemptions Under Age 65 for Connecticut statistic tracks the number of personal exemptions claimed on state income tax returns by Connecticut residents below the age of 65. This data point is used by policymakers and analysts to understand the state's working-age population and income distribution.
Methodology
The data is collected annually from state income tax return filings.
Historical Context
This metric is relevant for assessing the economic health and tax base of Connecticut.
Key Facts
- The number of tax exemptions under 65 in Connecticut peaked in 2019.
- Tax exemptions provide a deduction from taxable income.
- The data is reported annually by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of personal income tax exemptions claimed by Connecticut residents under the age of 65.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the demographic and economic profile of Connecticut's working-age population, which is relevant for policymakers and economists analyzing the state's tax base and economic health.
Q: How is this data collected or calculated?
A: The data is collected annually from state income tax return filings.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the economic conditions and tax base within the state of Connecticut.
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 latest figures are available.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Connecticut (LT65EXMCT9A647NCEN), retrieved from FRED.