Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of repealing the $10 ...

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2025, of repealing the $10,000 ...

IRS names new head of the Independent Office of Appeals. The agency selected Elizabeth Askey to serve in the role. She’ll set strategy and oversee operations of the office, which helps to resolve ...

TPC: Those making over $430,000 get most of the benefit of a SALT cap repeal. Repealing the $10,000 cap on state and local tax (SALT) deductions would cut 2025 taxes by an average of more than ...

Former President Trump’s proposal to repeal the $10,000 cap on the state and local tax (SALT) deduction would cut 2025 taxes by an average of more than $140,000 for the highest-income 0.1 percent of ...

A grand bargain that acknowledges tradeoffs is the way out of the nation’s fiscal crisis. TPC’s Gene Steuerle reviews the efforts of the Peter G. Peterson Foundation and the Center for Collaborative ...

A tax bill for a $200,000 home would have climbed by about $230, opponents of the measure said. The school district says education costs have tripled since the last tax increase in 1986. Congress is ...

With large pieces of the 2017 Tax Cuts and Jobs Act (TCJA) set to expire in 2025, taxes will be a top priority for ...

The earned income tax credit subsidizes low-income working families. The credit equals a fixed percentage of earnings from the first dollar of earnings until the credit reaches its maximum. The ...

The IRS and Census Bureau estimate that almost 80 percent of workers eligible for the earned income tax credit (EITC) claim it. Because people eligible for higher credits are more likely to claim the ...

The Medicare trust fund finances health services for beneficiaries of Medicare, a government insurance program for the elderly, the disabled, and people with qualifying health conditions specified by ...

Most low-income households do not pay federal income taxes, typically because they owe no tax (as their income is lower than the standard deduction) or because tax credits offset the tax they would ...