Individual Income Tax Filing: Tax-exempt Interest
This dataset tracks individual income tax filing: tax-exempt interest over time.
Latest Value
6069076.00
Year-over-Year Change
37.41%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Individual Income Tax Filing: Tax-exempt Interest' trend measures the total amount of tax-exempt interest reported on individual income tax returns. This data provides insights into the personal finance and investment behavior of U.S. taxpayers.
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 tax-exempt interest trend represents income from investments in municipal bonds and other securities that are exempt from federal income tax. This metric is closely watched by economists and policymakers to understand household savings and portfolio allocation decisions.
Methodology
The data is collected from individual income tax returns filed with the Internal Revenue Service.
Historical Context
This trend is relevant for analyzing the impact of tax policies on household finances and investment decisions.
Key Facts
- Tax-exempt interest is excluded from federal taxable income.
- Municipal bonds are a common source of tax-exempt interest income.
- The trend has shown fluctuations over time due to changes in interest rates and tax policies.
FAQs
Q: What does this economic trend measure?
A: The 'Individual Income Tax Filing: Tax-exempt Interest' trend measures the total amount of tax-exempt interest reported on individual income tax returns in the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the personal finance and investment behavior of U.S. taxpayers, which is useful for economists and policymakers analyzing the impact of tax policies on household savings and portfolio allocation decisions.
Q: How is this data collected or calculated?
A: The data is collected from individual income tax returns filed with the Internal Revenue Service.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing the impact of tax policies on household finances and investment decisions, which is of interest to economists and policymakers.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of individual income tax return filings with the IRS.
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Citation
U.S. Federal Reserve, Individual Income Tax Filing: Tax-exempt Interest (TEXINT), retrieved from FRED.