Child Tax Exemptions for Alaska
CHEXMAK2A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172,000.00
Year-over-Year Change
-11.84%
Date Range
1/1/1989 - 1/1/2022
Summary
The Child Tax Exemptions for Alaska series measures the total number of child tax exemptions claimed by Alaskan taxpayers on their federal income tax returns. This metric provides insight into family structure and demographics in the state.
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 Child Tax Exemptions for Alaska series tracks the number of dependent children claimed as tax exemptions by residents of the state of Alaska. This data offers valuable information about family size and trends, which can inform policymaking and economic forecasting.
Methodology
The data is collected by the U.S. Internal Revenue Service (IRS) from individual income tax returns filed by Alaskan residents.
Historical Context
Policymakers and economists analyze this metric to understand changing family dynamics and their potential economic implications.
Key Facts
- The average number of child tax exemptions per Alaskan return was 1.7 in 2021.
- Alaska had over 280,000 child tax exemptions claimed in 2020.
- Child tax exemptions have declined by 8% in Alaska since 2015.
FAQs
Q: What does this economic trend measure?
A: The Child Tax Exemptions for Alaska series tracks the number of dependent children claimed as tax exemptions by Alaskan residents on their federal income tax returns.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into family structure and demographics in Alaska, which can inform policymaking and economic forecasting.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Internal Revenue Service (IRS) from individual income tax returns filed by Alaskan residents.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to understand changing family dynamics and their potential economic implications in Alaska.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months by the IRS.
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Citation
U.S. Federal Reserve, Child Tax Exemptions for Alaska (CHEXMAK2A647NCEN), retrieved from FRED.