Total Tax Exemptions Under Age 65 for Florida
This dataset tracks total tax exemptions under age 65 for florida over time.
Latest Value
15430000.00
Year-over-Year Change
10.45%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the total number of tax exemptions claimed by Florida residents under the age of 65. It provides insights into the state's demographics and tax filing patterns.
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 Florida metric tracks the number of personal exemptions claimed on federal income tax returns by Florida residents below the age of 65. This data is used by economists and policymakers to analyze population trends, income distribution, and the impact of tax policies.
Methodology
The data is collected by the U.S. Census Bureau through the analysis of individual income tax returns.
Historical Context
This trend is relevant for understanding Florida's economic and demographic landscape, which can inform policy decisions and business strategies.
Key Facts
- Florida has the third-largest population in the U.S.
- The median age in Florida is 42.2 years old
- Florida has no state income tax
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of personal tax exemptions claimed by Florida residents under the age of 65 on their federal income tax returns.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Florida's demographic and economic landscape, which is useful for policymakers, businesses, and researchers analyzing population trends, income distribution, and the impact of tax policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through the analysis of individual income tax returns filed in Florida.
Q: How is this trend used in economic policy?
A: This trend can inform economic and demographic policies in Florida, as well as business strategies and investment decisions that rely on understanding the state's population characteristics.
Q: Are there update delays or limitations?
A: The data is released annually, and there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Florida (LT65EXMFL12A647NCEN), retrieved from FRED.