Age 65 and Over Tax Exemptions for South Dakota
AGEXMSD46A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140,000.00
Year-over-Year Change
52.78%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the number of tax exemptions claimed for individuals aged 65 and over in the state of South Dakota. Understanding this data is important for policymakers and analysts studying state tax policy and its impact on senior citizens.
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 South Dakota series tracks the number of personal income tax exemptions claimed by residents of South Dakota who are 65 years of age or older. This metric provides insight into the tax burden and economic status of the state's senior population.
Methodology
The data is collected by the U.S. Census Bureau through tax filing records.
Historical Context
This trend is used by economists and policymakers to evaluate the effectiveness of state-level tax policies targeting older adults.
Key Facts
- South Dakota has no state income tax.
- The state offers a tax exemption for residents aged 65 and older.
- Over 100,000 South Dakotans claimed this exemption in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of personal income tax exemptions claimed by residents of South Dakota who are aged 65 and older.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the tax burden and economic status of South Dakota's senior population, which is important for evaluating state-level tax policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through tax filing records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the effectiveness of state-level tax policies targeting older adults.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and processing timelines of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Age 65 and Over Tax Exemptions for South Dakota (AGEXMSD46A647NCEN), retrieved from FRED.