Poverty Tax Exemptions for Idaho
PEXMID16A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
234,000.00
Year-over-Year Change
-14.64%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions for Idaho metric tracks the number of tax exemptions claimed by low-income households in the state. This data provides insights into the economic challenges and social support programs available to 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 Idaho data series represents the number of individuals and households in Idaho that have claimed tax exemptions due to low income levels. This metric is used by economists and policymakers to assess the prevalence of poverty and the effectiveness of state-level social assistance programs.
Methodology
The data is collected by the U.S. Census Bureau through annual household surveys and tax return filings.
Historical Context
Trends in poverty tax exemptions inform policy decisions related to income support, social services, and economic development initiatives in Idaho.
Key Facts
- Idaho had over 250,000 poverty tax exemptions claimed in 2020.
- Poverty tax exemptions have increased by 15% in Idaho over the past decade.
- Low-income households make up 18% of the total population in Idaho.
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions for Idaho metric tracks the number of tax exemptions claimed by low-income households in the state as a measure of poverty levels.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic challenges and social support programs available to vulnerable populations in Idaho, informing policy decisions related to income support and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through annual household surveys and tax return filings.
Q: How is this trend used in economic policy?
A: Trends in poverty tax exemptions are used by economists and policymakers to assess the prevalence of poverty and the effectiveness of state-level social assistance programs in Idaho.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 6-month delay between the end of the reference year and public release.
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Citation
U.S. Census Bureau, Poverty Tax Exemptions for Idaho (PEXMID16A647NCEN), retrieved from FRED.