Age 65 and Over Tax Exemptions for North Dakota
AGEXMND38A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103,000.00
Year-over-Year Change
45.04%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of tax exemptions for individuals aged 65 and over in North Dakota. It provides insight into the state's tax policies targeting older residents.
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 North Dakota series tracks the number of personal income tax exemptions claimed by North Dakotans aged 65 and older. This metric helps policymakers understand the state's efforts to provide tax relief for its aging population.
Methodology
The data is collected annually by the U.S. Census Bureau through tax filings.
Historical Context
This trend is relevant for assessing North Dakota's tax policies and their impact on the state's older residents.
Key Facts
- North Dakota has one of the highest proportions of residents aged 65 and over in the U.S.
- Tax exemptions for older adults can help offset the cost of living for retirees on fixed incomes.
- The number of tax exemptions claimed has increased steadily over the past decade in North Dakota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of personal income tax exemptions claimed by North Dakota residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into North Dakota's efforts to support its aging population through tax policies targeting older residents.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through individual tax filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this trend to assess the state's tax policies and their impact on older North Dakotans.
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.
Related Trends
State Tax Collections: T20 Alcoholic Beverages License for New Jersey
QTAXT20QTAXCAT3NJNO
State Tax Collections: T15 Public Utilities Sales Tax for Michigan
QTAXT15QTAXCAT3MINO
State Tax Collections: T01 Property Taxes for West Virginia
QTAXT01QTAXCAT3WVNO
State Tax Collections: T53 Severance Taxes for North Carolina
QTAXT53QTAXCAT3NCNO
State Tax Collections: T23 Hunting and Fishing License for Delaware
QTAXT23QTAXCAT3DENO
State Tax Collections: T24 Motor Vehicles License for Alabama
QTAXT24QTAXCAT3ALNO
Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for North Dakota (AGEXMND38A647NCEN), retrieved from FRED.