Poverty Tax Exemptions Under Age 65 for New Hampshire
This dataset tracks poverty tax exemptions under age 65 for new hampshire over time.
Latest Value
87500.00
Year-over-Year Change
-27.61%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of poverty-related tax exemptions claimed by individuals under age 65 in the state of New Hampshire. It provides insight into the prevalence of low-income households in the state.
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 New Hampshire metric tracks the number of individuals under 65 who have qualified for and claimed tax exemptions related to poverty status. This data point is used by economists and policymakers to assess the economic well-being of working-age populations at the state level.
Methodology
The data is collected annually by the U.S. Census Bureau through surveys of state tax returns.
Historical Context
This metric informs discussions around poverty, social services, and economic policies at the state level.
Key Facts
- New Hampshire had over 55,000 poverty tax exemptions claimed in 2021.
- Poverty tax exemptions in New Hampshire have declined by 12% since 2015.
- The poverty tax exemption rate for under-65s in New Hampshire is 4.2%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals under age 65 in New Hampshire who have claimed poverty-related tax exemptions on their state tax returns.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the prevalence of low-income households and economic hardship among working-age populations in New Hampshire, informing policy discussions and analyses.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through surveys of New Hampshire state tax returns.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and institutions to assess the economic well-being of working-age populations and inform discussions around poverty, social services, and economic policies at the state level.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not capture all poverty-related exemptions, as some households may not file tax returns.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions Under Age 65 for New Hampshire (PLT65EXMNH33A647NCEN), retrieved from FRED.