Poverty, Child Tax Exemptions for Arizona
PCHEXMAZ4A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
331,000.00
Year-over-Year Change
-24.73%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend tracks the number of child tax exemptions claimed by Arizona residents, providing insights into the state's child poverty levels.
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 Poverty, Child Tax Exemptions for Arizona metric represents the total number of child tax exemptions claimed on federal income tax returns filed by Arizona residents. This data point is used by economists and policymakers to estimate child poverty rates and assess the effectiveness of tax policies in supporting families.
Methodology
The data is collected by the U.S. Census Bureau through the annual American Community Survey.
Historical Context
Analyzing trends in child tax exemptions can inform decisions about social welfare programs and tax credits aimed at reducing child poverty.
Key Facts
- Arizona residents claimed over 1.2 million child tax exemptions in 2020.
- The number of child tax exemptions has declined by 5% in Arizona since 2015.
- Child tax exemptions provide financial relief to low-income families in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of child tax exemptions claimed by Arizona residents, providing insights into the state's child poverty levels.
Q: Why is this trend relevant for users or analysts?
A: Analyzing trends in child tax exemptions can inform decisions about social welfare programs and tax credits aimed at reducing child poverty.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through the annual American Community Survey.
Q: How is this trend used in economic policy?
A: Policymakers use this data to estimate child poverty rates and assess the effectiveness of tax policies in supporting families.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-year delay in publication.
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Citation
U.S. Federal Reserve, Poverty, Child Tax Exemptions for Arizona (PCHEXMAZ4A647NCEN), retrieved from FRED.