Total Tax Exemptions Under Age 65 for Indiana
This dataset tracks total tax exemptions under age 65 for indiana over time.
Latest Value
4877000.00
Year-over-Year Change
-3.94%
Date Range
1/1/1989 - 1/1/2022
Summary
This data series tracks the total number of tax exemptions claimed by individuals under age 65 in the state of Indiana. It provides insight into employment, income, and demographic trends within the state.
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 Indiana metric represents the aggregate number of personal tax exemptions claimed by Indiana residents younger than 65 years old on their federal income tax returns. This data offers economists and policymakers a window into the economic and social dynamics of the state's working-age population.
Methodology
The data is collected annually by the U.S. Census Bureau through its analysis of federal tax return filings.
Historical Context
This metric is closely watched by state officials and economic analysts to monitor the health of Indiana's labor force and consumer base.
Key Facts
- Indiana has over 4 million residents under age 65.
- Tax exemptions provide insights into state income and employment levels.
- This data series dates back to 1981.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of personal tax exemptions claimed by Indiana residents under the age of 65 on their federal income tax returns.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the size, income, and demographic characteristics of Indiana's working-age population, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through its analysis of federal income tax return filings.
Q: How is this trend used in economic policy?
A: State officials and economic analysts closely monitor this metric to gauge the health and dynamics of Indiana's labor force and consumer base, which informs policy decisions.
Q: Are there update delays or limitations?
A: This data series is updated annually, and there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Indiana (LT65EXMIN18A647NCEN), retrieved from FRED.