Poverty Tax Exemptions for Montana
PEXMMT30A647NCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147,000.00
Year-over-Year Change
-13.04%
Date Range
1/1/1989 - 1/1/2022
Summary
The Poverty Tax Exemptions for Montana trend measures the number of individuals and households in Montana who claim a tax exemption due to poverty-level income. This provides insight into the prevalence of economic hardship 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 Tax Exemptions for Montana statistic tracks the number of taxpayers in Montana who claim a tax exemption because their income falls below the federal poverty line. This metric is used by policymakers and economists to assess the level of economic distress and need for social support programs in the state.
Methodology
The data is collected annually by the U.S. Census Bureau through individual tax filings.
Historical Context
Poverty exemption data is used to inform state and local policies aimed at alleviating economic hardship.
Key Facts
- Montana had over 100,000 poverty tax exemptions in the latest year.
- The poverty exemption rate in Montana is higher than the national average.
- Poverty exemptions have increased steadily in Montana over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Poverty Tax Exemptions for Montana statistic tracks the number of individuals and households in the state who claim a tax exemption due to having income below the federal poverty line.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the prevalence of economic hardship in Montana, which is useful for policymakers and economists evaluating the need for social support programs.
Q: How is this data collected or calculated?
A: The data is collected annually by the U.S. Census Bureau through individual tax filings.
Q: How is this trend used in economic policy?
A: Poverty exemption data is used to inform state and local policies aimed at alleviating economic distress and hardship.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months following the end of the tax year.
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Citation
U.S. Federal Reserve, Poverty Tax Exemptions for Montana (PEXMMT30A647NCEN), retrieved from FRED.