Poverty, Child Tax Exemptions for Louisiana
PCHEXMLA22A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
340,000.00
Year-over-Year Change
6.91%
Date Range
1/1/1989 - 1/1/2022
Summary
This series measures the number of child tax exemptions claimed in Louisiana. It provides insight into poverty levels and family demographics in 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 child tax exemption data reflects the number of dependents claimed on individual income tax returns in Louisiana. It serves as a proxy for the state's child poverty rate and family structure, which are important economic indicators.
Methodology
The data is collected annually from individual income tax filings by the U.S. Census Bureau.
Historical Context
This metric is used by policymakers and researchers to analyze poverty, family welfare, and the economic well-being of children in Louisiana.
Key Facts
- Louisiana has one of the highest child poverty rates in the U.S.
- The number of child tax exemptions has declined over the past decade.
- Trends in child tax exemptions are linked to changes in the state's Earned Income Tax Credit.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of child tax exemptions claimed on individual income tax returns in Louisiana. It serves as a proxy for the state's child poverty rate and family demographics.
Q: Why is this trend relevant for users or analysts?
A: The child tax exemption data provides valuable insights into poverty levels, family welfare, and the economic well-being of children in Louisiana, which are important considerations for policymakers and researchers.
Q: How is this data collected or calculated?
A: The data is collected annually from individual income tax filings by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and researchers to analyze poverty, family welfare, and the economic well-being of children in Louisiana, which informs policy decisions and program implementation.
Q: Are there update delays or limitations?
A: The data is released annually, so there may be a delay of up to a year in the most recent figures. Additionally, the data only reflects information from individual income tax returns, which may not capture all families with children in Louisiana.
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Citation
U.S. Federal Reserve, Poverty, Child Tax Exemptions for Louisiana (PCHEXMLA22A647NCEN), retrieved from FRED.