Poverty Tax Exemptions Under Age 65 for Nebraska
PLT65EXMNE31A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181,500.00
Year-over-Year Change
-14.72%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of poverty tax exemptions claimed by Nebraskans under age 65. It provides insight into the state's low-income demographics and helps policymakers understand need for social 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 Nebraska statistic tracks the number of personal income tax exemptions claimed by state residents under 65 who meet low-income thresholds. This metric is used to assess poverty levels and the effectiveness of economic assistance initiatives.
Methodology
The data is collected from state tax return filings.
Historical Context
This trend is relevant for state legislators, social service agencies, and economic analysts to gauge the scale of poverty and need for anti-poverty policies.
Key Facts
- In 2020, over 320,000 Nebraskans under 65 claimed poverty tax exemptions.
- The number of exemptions has increased by 5% annually since 2015.
- Low-income exemptions are highest in urban areas like Omaha and Lincoln.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of personal income tax exemptions claimed by Nebraskans under age 65 who meet low-income thresholds.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into poverty levels in Nebraska and helps policymakers assess the need for social assistance programs.
Q: How is this data collected or calculated?
A: The data is collected from state tax return filings.
Q: How is this trend used in economic policy?
A: State legislators, social service agencies, and economic analysts use this data to gauge poverty and inform anti-poverty initiatives.
Q: Are there update delays or limitations?
A: The data is released annually with a 1-year lag.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions Under Age 65 for Nebraska (PLT65EXMNE31A647NCEN), retrieved from FRED.