Age 65 and Over Tax Exemptions for Louisiana
AGEXMLA22A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
473,000.00
Year-over-Year Change
48.29%
Date Range
1/1/1989 - 1/1/2022
Summary
This series tracks the number of tax exemptions claimed for individuals aged 65 and over in Louisiana. It provides insight into the state's aging population and policy supports for retirees.
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 Louisiana metric measures the total number of personal income tax exemptions claimed by Louisiana residents aged 65 and older. This data point is used by economists and policymakers to analyze trends in the state's elderly population and evaluate the effectiveness of tax policies aimed at supporting retirees.
Methodology
The data is collected by the U.S. Census Bureau through annual tax filing records.
Historical Context
This economic indicator is relevant for assessing the fiscal and demographic impact of Louisiana's tax policies for senior citizens.
Key Facts
- Louisiana offers a personal income tax exemption for residents aged 65 and older.
- The number of tax exemptions claimed has increased over the past decade.
- Tax exemptions for the elderly represent a significant revenue source for the state budget.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of personal income tax exemptions claimed by Louisiana residents aged 65 and over.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Louisiana's aging population and the fiscal impact of tax policies supporting retirees.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through annual tax filing records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the demographic and budgetary effects of Louisiana's tax exemptions for seniors.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay to account for tax filing deadlines.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Louisiana (AGEXMLA22A647NCEN), retrieved from FRED.