Child Tax Exemptions for California
CHEXMCA6A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,930,000.00
Year-over-Year Change
-13.42%
Date Range
1/1/1989 - 1/1/2022
Summary
The Child Tax Exemptions for California metric tracks the number of federal personal income tax exemptions claimed for children in the state of California. This data provides insight into family demographics and economic trends.
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 California series measures the total number of personal income tax exemptions claimed for dependent children on tax returns filed by California residents. This data is used by economists and policymakers to analyze family structures, household incomes, and the impacts of tax policies.
Methodology
The data is collected from annual federal income tax return filings.
Historical Context
This metric is relevant for understanding the economic well-being of California families and informing tax and social policies.
Key Facts
- California accounts for over 12% of total U.S. child tax exemptions.
- Child tax exemptions peaked in California in 2001 at over 10 million.
- The number of child tax exemptions has declined by 15% since 2001.
FAQs
Q: What does this economic trend measure?
A: The Child Tax Exemptions for California metric tracks the number of federal personal income tax exemptions claimed for dependent children by California residents.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into family demographics and economic conditions in California, which is useful for policymakers and economists studying tax policies and social programs.
Q: How is this data collected or calculated?
A: The data is collected from annual federal income tax return filings.
Q: How is this trend used in economic policy?
A: This metric is relevant for understanding the economic well-being of California families and informing tax and social policies.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, reflecting the timing of federal tax return filings.
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Citation
U.S. Federal Reserve, Child Tax Exemptions for California (CHEXMCA6A647NCEN), retrieved from FRED.