Total Tax Exemptions Under Age 65 for Montana
This dataset tracks total tax exemptions under age 65 for montana over time.
Latest Value
769000.00
Year-over-Year Change
2.66%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the total number of tax exemptions claimed for Montana residents under age 65. It provides insights into the state's demographics and can inform policy decisions related to taxation and public services.
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 Montana metric tracks the number of personal tax exemptions claimed by Montana residents below the age of 65. This data point is useful for analyzing the state's population and economic composition.
Methodology
The data is collected annually by the U.S. Census Bureau through tax filing records.
Historical Context
Policymakers and economists use this trend to assess Montana's demographic and economic landscape.
Key Facts
- Montana has a population of over 1 million people.
- The state's median age is 39.8 years old.
- Tax exemptions provide financial relief for individuals and families.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of personal tax exemptions claimed by Montana residents under the age of 65. It provides insight into the state's demographic composition.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Montana's population dynamics and informing policy decisions related to taxation, public services, and economic development.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through tax filing records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Montana's demographic and economic landscape, which can inform decisions about taxation, public services, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months. The metric only captures tax exemptions and does not include all individuals under 65 in Montana.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Montana (LT65EXMMT30A647NCEN), retrieved from FRED.