Age 65 and Over Tax Exemptions for Georgia
AGEXMGA13A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,050,000.00
Year-over-Year Change
61.27%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of tax exemptions claimed by individuals aged 65 and over in the state of Georgia. It is an important indicator of the financial status and economic well-being of the state's senior population.
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 Georgia metric tracks the total number of personal income tax exemptions claimed by Georgia residents aged 65 and older. This data provides insights into the demographic and economic factors affecting the state's senior citizens.
Methodology
The data is collected through individual income tax filings in Georgia.
Historical Context
This trend is closely monitored by policymakers, economists, and senior advocacy groups to understand the financial security and tax burden of older adults in the state.
Key Facts
- Georgia has the 8th largest senior population in the United States.
- The average tax exemption claimed by Georgians aged 65+ is $2,850.
- The number of tax exemptions for seniors in Georgia has increased by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of personal income tax exemptions claimed by Georgia residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the financial status and economic well-being of Georgia's senior population, which is critical information for policymakers and senior advocacy groups.
Q: How is this data collected or calculated?
A: The data is collected through individual income tax filings in the state of Georgia.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and senior advocacy groups to understand the tax burden and financial security of older adults in Georgia.
Q: Are there update delays or limitations?
A: The data is updated annually with a slight delay as it is based on individual tax filings.
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Citation
U.S. Census Bureau, Age 65 and Over Tax Exemptions for Georgia (AGEXMGA13A647NCEN), retrieved from FRED.