Tax Policy Center

federal income tax

Individual Taxes: TaxVox
A new Congressional Budget Office report does a nice job of busting some of the most persistent tax myths of both the political left and...
June 9, 2016Howard Gleckman
Individual Taxes: TaxVox
Need help understanding the 1040 as we enter the homestretch of this year’s tax filing season? The Tax Policy Center has created a new interactive tool to walk you through key parts of the federal income tax, ranging from the mundane to the arcane. In bite-sized pieces, Who’s Afraid of the Form
March 18, 2015Roberton C. Williams
Individual Taxes: TaxVox
Federal income taxes are complicated. That’s why roughly 90 percent of us either hire someone to prepare our tax returns or use computer software to do the job on our own. Only a tenth of us actually sit down and fill out the forms by hand. But it’s still important to understand what goes onto the
April 9, 2014Roberton C. Williams
Individual Taxes: TaxVox
The battle over same-sex marriage in Utah not only raises important questions about marriage law; it also further complicates income tax filing for gay couples who tied the knot during the few weeks when those nuptials were deemed legal. The problem: While federal courts hash out the legality of
January 15, 2014Roberton C. Williams
Individual Taxes: TaxVox
Headline got your attention? No, it isn’t a come-on for a new tax avoidance scheme. Rather, it reflects an interesting but little known problem with the federal income tax system: People who have tax withheld from their paychecks but, for some reason, don’t file returns. For many, ignoring their
September 3, 2013Howard Gleckman
Individual Taxes: TaxVox
Just two weeks ago, I discussed potential tax issues a same-sex married couple could face if they live in a state that doesn’t recognize their marriage. Yesterday the IRS ruled that, for tax purposes, such couples are married regardless of where they live. That ruling answers the question of what
August 30, 2013Roberton C. Williams
Individual Taxes: TaxVox
The percentage of Americans who pay no federal income tax is falling, thanks to an improving economy and the expiration of temporary Great Recession-era tax cuts. In 2009, the Tax Policy Center estimated that 47 percent of households paid no federal income tax. This year, just 43 percent will avoid
August 29, 2013Roberton C. Williams
Individual Taxes: TaxVox
The tax act Congress passed early on New Year’s Day permanently patched the alternative minimum tax (AMT), sparing tens of millions of Americans from the additional levy. But it won’t protect everyone. The AMT will continue to raise the taxes of a few million taxpayers each year, often in seemingly
August 26, 2013Roberton C. Williams