Age 65 and Over Tax Exemptions for Florida
AGEXMFL12A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,170,000.00
Year-over-Year Change
39.90%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of tax exemptions claimed for individuals aged 65 and over in the state of Florida. It provides insight into the elderly population and their tax burden 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 Florida trend represents the total number of tax exemptions claimed by Florida residents aged 65 and older. This data point is used by economists and policymakers to analyze the economic status and tax implications for the state's aging population.
Methodology
The data is collected through tax filings and compiled by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the fiscal impacts of Florida's retirement-age population and informing related policy decisions.
Key Facts
- Florida has the highest percentage of residents aged 65 and over in the U.S.
- Tax exemptions provide financial relief for retirees on fixed incomes.
- The trend has shown steady increases over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of tax exemptions claimed by Florida residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic status and tax burden of Florida's aging population, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through tax filings and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend informs policy decisions related to taxation, retirement, and the fiscal impacts of Florida's large elderly population.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months, and may not capture all tax exemptions claimed.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Florida (AGEXMFL12A647NCEN), retrieved from FRED.