Poverty Tax Exemptions for Delaware
PEXMDE10A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129,000.00
Year-over-Year Change
9.12%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions for Delaware metric tracks the number of individual income tax exemptions claimed for low-income residents in the state. This data provides insight into the scope of poverty and the effectiveness of related tax policies.
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 Tax Exemptions for Delaware series measures the number of personal income tax exemptions claimed by Delaware residents who meet the state's poverty threshold criteria. This metric is used by policymakers and analysts to evaluate the reach and impact of anti-poverty tax programs.
Methodology
The data is collected annually by the U.S. Census Bureau through individual income tax filings.
Historical Context
Poverty tax exemptions are a key policy tool used by state governments to provide financial relief to low-income households.
Key Facts
- Delaware's poverty tax exemptions totaled 93,000 in 2021.
- The exemption amount was $3,250 per qualifying resident.
- Poverty exemptions have increased by 12% over the past 5 years in Delaware.
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions for Delaware metric tracks the number of individual income tax exemptions claimed by low-income residents in the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the scope of poverty in Delaware and the effectiveness of the state's tax-based anti-poverty programs.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through individual income tax filings.
Q: How is this trend used in economic policy?
A: Poverty tax exemptions are a key policy tool used by state governments to provide financial relief to low-income households, so this data is closely monitored by policymakers.
Q: Are there update delays or limitations?
A: The data is published annually with a several-month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions for Delaware (PEXMDE10A647NCEN), retrieved from FRED.