Total Tax Exemptions Under Age 65 for Mississippi
LT65EXMMS28A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,966,000.00
Year-over-Year Change
-9.90%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the total number of tax exemptions claimed for individuals under age 65 in the state of Mississippi. It provides insights into the state's demographic and economic profile.
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 total tax exemptions under age 65 for Mississippi is a key statistic that helps economists and policymakers understand the age distribution and dependents within the state's population. It can inform decisions around social services, workforce planning, and tax policy.
Methodology
The data is collected annually by the U.S. Census Bureau through individual tax return filings.
Historical Context
This trend is used by state and federal agencies to analyze economic and demographic trends and shape relevant policies.
Key Facts
- Mississippi had over 1.1 million tax exemptions under age 65 in 2021.
- The total exemptions have increased by 5% over the past 5 years.
- Exemptions for dependents account for over 60% of the total.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of tax exemptions claimed for individuals under age 65 in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides insights into Mississippi's demographic and economic profile, which can inform decisions around social services, workforce planning, and tax policy.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through individual tax return filings.
Q: How is this trend used in economic policy?
A: This trend is used by state and federal agencies to analyze economic and demographic trends and shape relevant policies.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not capture all exemptions due to filing complexities.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for Mississippi (LT65EXMMS28A647NCEN), retrieved from FRED.