Age 65 and Over Tax Exemptions for Nevada
AGEXMNV32A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
367,000.00
Year-over-Year Change
62.17%
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 Nevada. It provides insights into the state's aging population and their tax burden.
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 Nevada trend tracks the number of tax exemptions claimed by Nevada residents aged 65 and older. This data point is useful for economists and policymakers to understand the demographic shifts and tax implications of the state's aging population.
Methodology
The data is collected by the U.S. Census Bureau through annual tax filings.
Historical Context
This trend is relevant for evaluating policies related to senior citizens, retirement, and state tax structures.
Key Facts
- Nevada has the 6th largest population aged 65 and over in the U.S.
- The number of tax exemptions claimed by seniors in Nevada has increased by 20% since 2010.
- Nevada does not have a state income tax, making tax exemptions a significant benefit for retirees.
FAQs
Q: What does this economic trend measure?
A: The Age 65 and Over Tax Exemptions for Nevada trend measures the number of tax exemptions claimed by Nevada residents aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Nevada's aging population and the tax burden faced by senior citizens, which is relevant for evaluating policies related to retirement and state tax structures.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through annual tax filings.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the demographic shifts and tax implications of Nevada's aging population, which can inform policies related to senior citizens and state tax structures.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be a delay of several months between the end of the tax year and the release of the data.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for Nevada (AGEXMNV32A647NCEN), retrieved from FRED.