Child Tax Exemptions for Missouri
CHEXMMO29A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,440,000.00
Year-over-Year Change
-6.96%
Date Range
1/1/1989 - 1/1/2022
Summary
The Child Tax Exemptions for Missouri measure the number of tax exemptions claimed for dependent children in the state. This metric is important for understanding trends in family demographics and the tax burden on Missouri households.
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 Missouri statistic represents the total number of personal exemptions claimed on individual income tax returns for dependent children residing in the state. This data provides insight into family composition and the role of child-related tax policies in Missouri.
Methodology
The data is collected annually by the U.S. Census Bureau through tax return filings.
Historical Context
Child tax exemptions are a key factor considered by policymakers when evaluating the impact of tax and social policies on Missouri families.
Key Facts
- Missouri had over 1.7 million child tax exemptions claimed in 2020.
- The child tax exemption amount was $4,050 per dependent in 2020.
- Child tax exemptions make up a significant portion of Missouri's individual income tax filings.
FAQs
Q: What does this economic trend measure?
A: The Child Tax Exemptions for Missouri statistic tracks the total number of tax exemptions claimed for dependent children in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into family demographics and the impact of child-related tax policies in Missouri.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through individual income tax return filings.
Q: How is this trend used in economic policy?
A: Child tax exemptions are a key factor considered by policymakers when evaluating the impact of tax and social policies on Missouri families.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture all exemptions claimed in the most recent tax year.
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Citation
U.S. Federal Reserve, Child Tax Exemptions for Missouri (CHEXMMO29A647NCEN), retrieved from FRED.