Age 65 and Over Tax Exemptions for Arizona
AGEXMAZ4A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
943,000.00
Year-over-Year Change
68.23%
Date Range
1/1/1989 - 1/1/2022
Summary
This series tracks the number of tax exemptions for individuals aged 65 and over in Arizona. It provides insight into the elderly population and tax policies that affect seniors 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 Age 65 and Over Tax Exemptions for Arizona metric represents the total number of tax exemptions claimed by Arizona residents aged 65 and older. This data point is used by economists and policymakers to analyze tax policies and demographics related to the state's aging population.
Methodology
The data is collected by the U.S. Census Bureau through annual tax filings.
Historical Context
This trend is relevant for understanding tax incentives and social policies that impact older adults in Arizona.
Key Facts
- Arizona has over 1 million residents aged 65 and older.
- Tax exemptions for seniors can reduce their overall tax burden.
- The number of tax exemptions has steadily increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of tax exemptions claimed by Arizona residents aged 65 and over. It provides insight into the size and tax status of the state's elderly population.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding the demographic and tax policy factors affecting older adults in Arizona. It can inform discussions around senior-oriented tax incentives and social programs.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through annual tax filings in Arizona.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the impact of tax exemptions on Arizona's elderly population and inform decisions around senior-focused economic and social policies.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a 1-year delay in the most recent figures. The metric is limited to tax exemptions and does not capture all aspects of the elderly population in Arizona.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Arizona (AGEXMAZ4A647NCEN), retrieved from FRED.