Poverty Tax Exemptions for Hawaii
PEXMHI15A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181,000.00
Year-over-Year Change
-8.80%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions for Hawaii trend measures the number of tax exemptions claimed by low-income residents in the state. This metric provides insight into the economic wellbeing of Hawaii's vulnerable populations.
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 Hawaii data tracks the number of personal tax exemptions claimed by individuals and families with incomes below the federal poverty line in the state of Hawaii. This statistic helps policymakers and economists understand the prevalence of poverty and the utilization of tax relief programs.
Methodology
The data is collected annually by the U.S. Census Bureau through surveys and tax return filings.
Historical Context
This trend is closely monitored by state and federal agencies to evaluate the impact of social welfare policies and economic conditions on low-income residents.
Key Facts
- Hawaii had over 180,000 poverty tax exemptions claimed in 2021.
- Poverty tax exemptions have increased by 15% in Hawaii over the past decade.
- The average value of a poverty tax exemption in Hawaii is $4,050.
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions for Hawaii trend measures the number of personal tax exemptions claimed by low-income individuals and families in the state of Hawaii.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the prevalence of poverty and the utilization of tax relief programs in Hawaii, which is valuable information for policymakers, economists, and social welfare advocates.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through surveys and tax return filings.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by state and federal agencies to evaluate the impact of social welfare policies and economic conditions on low-income residents in Hawaii.
Q: Are there update delays or limitations?
A: The Poverty Tax Exemptions for Hawaii data is published annually, with a typical 6-month delay from the end of the reporting period.
Related Trends
Gross Domestic Product: Funds, Trusts, and Other Financial Vehicles (525) in Hawaii
HIFNDTRSTNGSP
Other Services (Except Public Administration) Wages and Salaries in Hawaii
HIWOTH
Business Applications for Hawaii
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All Employees: Education and Health Services: Private Education and Health Services in Hawaii
HIEDUH
Monthly State Retail Sales: Electronics and Appliance Stores in Hawaii
MSRSHI443
All Employees: Health Care: Hospitals in Hawaii
SMU15000006562200001A
Citation
U.S. Federal Reserve, Poverty Tax Exemptions for Hawaii (PEXMHI15A647NCEN), retrieved from FRED.