Age 65 and Over Tax Exemptions for New Jersey
AGEXMNJ34A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,170,000.00
Year-over-Year Change
41.24%
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 New Jersey. It provides insight into the elderly population's tax burden and economic status.
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 New Jersey data series tracks the number of personal income tax exemptions claimed by New Jersey residents aged 65 and older. This metric serves as an indicator of the elderly population's economic well-being and helps inform policy decisions related to senior citizens' tax relief.
Methodology
The data is collected through individual income tax filings in the state of New Jersey.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess the financial security and tax burden of the elderly population in New Jersey.
Key Facts
- New Jersey offers tax exemptions for residents aged 65 and over.
- The number of tax exemptions claimed by the elderly has fluctuated over time.
- Tracking this trend helps inform policies related to senior citizens' financial security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of personal income tax exemptions claimed by New Jersey residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the economic well-being and tax burden of the elderly population in New Jersey, which is valuable information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through individual income tax filings in the state of New Jersey.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the financial security and tax burden of the elderly population in New Jersey, which can inform policy decisions related to senior citizens' tax relief.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and can only provide information specific to the state of New Jersey.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for New Jersey (AGEXMNJ34A647NCEN), retrieved from FRED.