Tax Policy Center

IRS

: Daily Deduction
House Republicans would slash IRS funding. Their fiscal year 2015 financial services budget includes roughly $11 billion for the IRS. This would cut $341 million from the agency’s current budget, and is $1.5 billion less than the White House request. They are also outraged over lost IRS emails.
June 18, 2014Renu Zaretsky
Individual Taxes: TaxVox
An important feature of the Affordable Care Act (ACA) is the penalty tax imposed on people who do not have health insurance. But newly updated report from the Congressional Budget Office projects that just under 4 million people will pay the penalty in 2016, less than 15 percent of the estimated 30
June 12, 2014Roberton C. Williams
: TaxVox
This week: The House will vote on tax extenders. In his June policy memo to House Republicans, Majority Leader Eric Cantor notes that there will be votes on three tax extender bills this week. The bills would make permanent (1) small business expensing of up to $500,000 in qualifying equipment per
June 9, 2014Renu Zaretsky
Individual Taxes: TaxVox
The latest example of why bipartisanship is not necessarily good: A bill proposed by senators Chuck Schumer (D-NY) and Pat Roberts (R-KN) to require the IRS to hire private debt collectors. The last time Congress made the IRS try this, the agency lost money. It was a terrible idea then and it is a
May 22, 2014Howard Gleckman
Individual Taxes: TaxVox
The deadline is looming: If you don’t have approved insurance coverage by March 31 (and are not exempt from the requirement), the Affordable Care Act...
March 6, 2014Roberton C. Williams
Federal Budget and Economy: TaxVox
The Internal Revenue Service is one of the biggest losers in the 2014 budget deal agreed to last night by House and Senate negotiators. Under...
January 14, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
Tax Vox proudly announces its seventh annual Lump of Coal Award for the worst tax and fiscal policies of 2013. The year was a curious...
December 23, 2013Howard Gleckman
Individual Taxes: TaxVox
The Obama Administration is trying to untangle the controversy over the growing role of 501(c)(4) social welfare organizations in politics by creating a new category...
November 26, 2013Howard Gleckman
Individual Taxes: TaxVox
Stories about the Affordable Care Act often tell readers that they’ll have to pay a $95 penalty if they don’t get adequate health insurance coverage...
November 6, 2013Roberton C. Williams
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...
August 30, 2013Roberton C. Williams