Poverty, Child Tax Exemptions for Montana
PCHEXMMT30A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,500.00
Year-over-Year Change
-23.81%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of child tax exemptions claimed in the state of Montana, providing insight into poverty and family dynamics.
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 Poverty, Child Tax Exemptions for Montana metric tracks the total number of child tax exemptions claimed on tax returns filed by Montana residents. This data is used by economists and policymakers to analyze trends in family structure, poverty, and the impacts of tax policies.
Methodology
The data is collected annually by the U.S. Census Bureau from tax return filings.
Historical Context
This metric is relevant for understanding the social and economic conditions in Montana and informing related policy decisions.
Key Facts
- Montana has a population of over 1 million people.
- The child tax exemption amount was $4,050 in 2021.
- Poverty rates in Montana are below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of child tax exemptions claimed by Montana residents, providing insight into poverty and family dynamics in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding social and economic conditions in Montana and informing related policy decisions.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau from tax return filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trends in family structure, poverty, and the impacts of tax policies in Montana.
Q: Are there update delays or limitations?
A: The data is released annually, with a delay of several months from the end of the tax year.
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Citation
U.S. Federal Reserve, Poverty, Child Tax Exemptions for Montana (PCHEXMMT30A647NCEN), retrieved from FRED.