Poverty, Child Tax Exemptions for Tennessee
PCHEXMTN47A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
380,000.00
Year-over-Year Change
-15.31%
Date Range
1/1/1989 - 1/1/2022
Summary
This trend measures the number of child tax exemptions claimed in the state of Tennessee. It provides insights into child poverty and support for families in the state.
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 Tennessee series tracks the number of child tax exemptions claimed by Tennessee residents on their federal income tax returns. This data offers a proxy for understanding the prevalence of child poverty and the effectiveness of tax policies aimed at supporting families in the state.
Methodology
The data is collected by the U.S. Census Bureau from individual tax filings.
Historical Context
Policymakers and economists use this trend to evaluate the impact of tax policies on child poverty and family well-being in Tennessee.
Key Facts
- Tennessee had over 1.2 million child tax exemptions claimed in 2020.
- The number of child tax exemptions has declined by 5% in Tennessee since 2015.
- Child poverty rates in Tennessee are higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of child tax exemptions claimed by Tennessee residents on their federal income tax returns, which provides insights into child poverty and family support in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the prevalence of child poverty and the effectiveness of tax policies aimed at supporting families in Tennessee.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from individual tax filings.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the impact of tax policies on child poverty and family well-being in Tennessee.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be lags in reporting due to the nature of tax filing and processing.
Related Trends
State Tax Collections: T40 Individual Income Taxes for Alaska
QTAXT40QTAXCAT3AKNO
State Tax Collections: T11 Amusements Sales Tax for South Carolina
QTAXT11QTAXCAT3SCNO
State Tax Collections: T23 Hunting and Fishing License for Virginia
QTAXT23QTAXCAT3VANO
State Tax Collections: T20 Alcoholic Beverages License for Delaware
QTAXT20QTAXCAT3DENO
State Tax Collections: T24 Motor Vehicles License for Oklahoma
QTAXT24QTAXCAT3OKNO
State Tax Collections: T50 Death and Gift Taxes for Virginia
QTAXT50QTAXCAT3VANO
Citation
U.S. Federal Reserve, Poverty, Child Tax Exemptions for Tennessee (PCHEXMTN47A647NCEN), retrieved from FRED.