Age 65 and Over, Poverty Tax Exemptions for Tennessee
This dataset tracks age 65 and over, poverty tax exemptions for tennessee over time.
Latest Value
145000.00
Year-over-Year Change
51.67%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend tracks the number of poverty tax exemptions claimed by individuals aged 65 and over in Tennessee. It provides insight into the economic well-being of the state's senior 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 Age 65 and Over, Poverty Tax Exemptions for Tennessee metric records the number of Tennesseans aged 65 and older who qualify for and claim the state's poverty tax exemption. This data point helps analysts and policymakers understand the financial security of the state's senior citizens.
Methodology
The data is collected through tax filings and census records by the U.S. Census Bureau.
Historical Context
This trend is used to inform state-level tax and social welfare policies targeting the elderly population.
Key Facts
- Tennessee offers a tax exemption for residents aged 65+ living below the poverty line.
- The poverty tax exemption helps low-income seniors reduce their state tax burden.
- Data on poverty tax exemptions provides insight into the financial security of Tennessee's elderly population.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of Tennesseans aged 65 and older who claim the state's poverty tax exemption, providing insight into the financial security of the state's senior population.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for policymakers and analysts to understand the economic well-being of Tennessee's elderly population and inform state-level tax and social welfare policies.
Q: How is this data collected or calculated?
A: The data is collected through tax filings and census records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used to inform state-level tax and social welfare policies targeting the elderly population in Tennessee.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or limitations in tax filing and census data collection.
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Citation
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for Tennessee (PAGEXMTN47A647NCEN), retrieved from FRED.