Total Tax Exemptions for New Hampshire
TOTEXMNH33A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,220,000.00
Year-over-Year Change
2.84%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'Total Tax Exemptions for New Hampshire' trend measures the total number of tax exemptions claimed by taxpayers in the state of New Hampshire. It provides valuable insights into consumer and business activity in the region.
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
This economic indicator tracks the total tax exemptions filed by individuals and businesses in New Hampshire. It is an important metric for understanding consumer spending patterns, tax policy changes, and economic conditions within the state.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on tax return filings.
Historical Context
Policymakers and economists use this trend to assess the overall health of the New Hampshire economy.
Key Facts
- New Hampshire has no state income tax.
- Tax exemptions peaked in 2019 before declining during the COVID-19 pandemic.
- The state ranks among the lowest for state and local tax burden nationwide.
FAQs
Q: What does this economic trend measure?
A: The 'Total Tax Exemptions for New Hampshire' trend measures the total number of tax exemptions claimed by individuals and businesses in the state of New Hampshire.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into consumer spending patterns, tax policy changes, and the overall economic conditions within New Hampshire, making it useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on tax return filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the overall health of the New Hampshire economy and inform decisions related to tax policy and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the typical reporting delays associated with tax return filings and census data collection.
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Citation
U.S. Federal Reserve, Total Tax Exemptions for New Hampshire (TOTEXMNH33A647NCEN), retrieved from FRED.