Tax Policy Center

IRA

State and Local Issues: TaxVox
Starting as soon as it can be made operational, perhaps in 2018 , as many as 7 million private-sector California workers who currently have no...
December 2, 2016C. Eugene SteuerlePamela Perun
Individual Taxes: TaxVox
Let’s face it. Economists just see the world differently than everybody else. Take, for example, the question of whether Individual Retirement Accounts are tax-free or...
June 15, 2016Lydia Austin
: TaxVox
Sanders won’t raise the top rate to 90 percent. In their Saturday night debate, Democrats spent much of their time talking about foreign policy, terrorism, and Wall Street. But there were a few tax-related sound bites. Perhaps the most interesting: Bernie Sanders said he would not raise the top
November 16, 2015Renu Zaretsky
Individual Taxes: TaxVox
Twenty years ago, I turned 25 and earned my first raise. My older sister gave me some great advice: “When you get a raise always put some extra money into savings. Make it a habit. You’ll never miss it.” I turned into a saver, thanks to my sister. Yet, the average 45-year-old woman is not saving
November 4, 2015Renu Zaretsky
: TaxVox
No more tax havens abroad? The Organization for Economic Cooperation and Development released its plan to limit corporate tax avoidance . All 34 OECD members plus 10 other countries including China and Russia have approved the proposals, though each nation must still implement them. The
September 17, 2014Renu Zaretsky
: TaxVox
Congress is in recess. The Daily Deduction will return to its regular schedule on Monday, September 8. Until then: We’ll see you every Monday morning. Abroad and online: One country brings a knife to a gunfight. Spain has passed a new law : Websites that link to Spanish newspaper association
August 4, 2014Renu Zaretsky
Individual Taxes: TaxVox
A few weeks ago, with absolutely no fanfare, the Treasury Department announced what could be a major change in the way we save for retirement. It will now permit people to shift a portion of their 401(k)s or IRAs into a deferred annuity that provides a guaranteed stream of income once you reach old
August 1, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
The president’s FY 2014 Budget would limit tax benefits for workers with high-balance retirement saving accounts. Although critics call the plan a blow to workers’...
April 12, 2013Benjamin H. Harris