Total Tax Exemptions Under Age 65 for New Jersey
LT65EXMNJ34A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,810,000.00
Year-over-Year Change
-2.54%
Date Range
1/1/1989 - 1/1/2022
Summary
This economic trend measures the total number of tax exemptions claimed for New Jersey residents under age 65. It provides insight into the state's tax base and demographics.
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 New Jersey is a statistic that tracks the number of personal tax exemptions claimed on federal income tax returns by residents of the state who are younger than 65 years old. This data point is used by economists and policymakers to analyze population and household trends.
Methodology
The data is collected by the U.S. Census Bureau through analysis of individual income tax returns.
Historical Context
This trend is relevant for understanding the composition and economic activity of New Jersey's population.
Key Facts
- New Jersey has over 6 million residents.
- The average household size in New Jersey is 2.7 people.
- The state's median age is 39.5 years old.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of personal tax exemptions claimed by New Jersey residents under the age of 65 on their federal income tax returns.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the demographic composition and economic activity of New Jersey's population, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through analysis of individual income tax returns filed in New Jersey.
Q: How is this trend used in economic policy?
A: This trend is used by economists and government agencies to understand population changes, tax base dynamics, and other factors relevant to economic and fiscal policy in New Jersey.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent data, as it is dependent on the processing of individual tax returns.
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Citation
U.S. Federal Reserve, Total Tax Exemptions Under Age 65 for New Jersey (LT65EXMNJ34A647NCEN), retrieved from FRED.