Source: U.S. Census Bureau
The U.S. Census Bureau provides annual estimates of income and poverty statistics for all school districts, counties, and states through the Small Area Income and Poverty Estimates (SAIPE) program. The bureau's main objective with this program is to provide estimates of income and poverty for the administration of federal programs and the allocation of federal funds to local jurisdictions. In addition to these federal programs, state and local programs use the income and poverty estimates for distributing funds and managing programs.
Tax exemptions are one of the data sources used in producing SAIPE program estimates. This series is a subset of age exemptions for which the adjusted gross income falls below the official poverty threshold for a family of the size implied by the number of exemptions on the return.
See more details about SAIPE Model Input Data.
U.S. Census Bureau, Age 65 and Over, Poverty Tax Exemptions for New Jersey [PAGEXMNJ34A647NCEN], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PAGEXMNJ34A647NCEN, September 21, 2023.