Poverty Tax Exemptions Under Age 65 for Louisiana
This dataset tracks poverty tax exemptions under age 65 for louisiana over time.
Latest Value
744000.00
Year-over-Year Change
2.88%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of poverty tax exemptions for individuals under age 65 in the state of Louisiana. It provides insight into the prevalence of economic hardship and the use of tax relief programs.
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 Under Age 65 for Louisiana data series tracks the number of state tax exemptions claimed by individuals under 65 who meet low-income thresholds. This metric is used to assess the economic well-being of working-age adults and the effectiveness of tax policy in supporting vulnerable populations.
Methodology
The data is collected through individual tax filings and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this trend to understand poverty levels and the utilization of tax relief programs.
Key Facts
- Louisiana has the second-highest poverty rate in the United States.
- The Poverty Tax Exemption provides a deduction for low-income taxpayers.
- Utilization of the exemption has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of state tax exemptions claimed by individuals under age 65 in Louisiana who meet low-income thresholds.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the prevalence of economic hardship and the use of tax relief programs in Louisiana, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through individual tax filings and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand poverty levels and the utilization of tax relief programs in Louisiana.
Q: Are there update delays or limitations?
A: The data is released annually with a short delay, and may not capture all eligible individuals.
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Citation
U.S. Census Bureau, Poverty Tax Exemptions Under Age 65 for Louisiana (PLT65EXMLA22A647NCEN), retrieved from FRED.