Tax Policy Center

Tax Cuts and Jobs Act

Individual Taxes: TaxVox

Opportunity Zones May Someday Help Poor Communities. They Already Are A Tax Shelter For High-Income Investors

New York Times reporters Jesse Drucker and Eric Lipton wrote a well-reported piece the other day on that Tax Cuts and Jobs Act’s Opportunity Zone...
September 5, 2019Howard Gleckman
Federal Budget and Economy: TaxVox

Forms and Follies: IRS Midcourse Corrections of Tax Forms

The great architect Louis Sullivan once wrote , “form follows function.” I can’t help but wonder if, in the less stable world of tax, new...
September 3, 2019Robert A. Weinberger
State and Local Issues: TaxVox

Minnesota’s Struggles To Conform to the TCJA Made Its CPAs Happy. Taxpayers, Not So Much.

It’s an unusually glamorous time to be an accountant in Minnesota. Over the past year, certified public accountants (CPAs) and other professional tax preparers have...
August 26, 2019Erin HufferMaxwell Grozovsky
: TaxVox

States Must Be Aware Of How Big Changes In Federal Law Affect Their Revenue Codes

All states with an income tax link to the federal tax system to some degree. This system of federal-state conformity helps taxpayers by standardizing the...
August 19, 2019Erin Huffer
Federal Budget and Economy: TaxVox

The US Economy Reverts To A Pre-Tax Cut Growth Rate

The economic benefits of the Tax Cuts and Jobs Act (TCJA) seem to have petered out. The US economy grew robustly in late 2017, perhaps...
August 1, 2019Howard GleckmanAravind Boddupalli
Federal Budget and Economy: TaxVox

Post TCJA Bonuses Were Mostly a Timing Shift, Not A Boost In Long-Term Worker Pay

A spike in announcements of bonus payments for workers followed the passage of the Tax Cuts and Jobs Act (TCJA) in December 2017, and President...
July 16, 2019Theo BurkeSteven M. Rosenthal
Individual Taxes: TaxVox

The New W-4 Tax Withholding Form Is Coming Soon. But Why Is The IRS Even Bothering?

One day soon, the IRS will release its near-final version of the 2020 Form W-4 that workers are supposed to use to calculate their federal...
July 11, 2019Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

A New Congressional Study Finds Little Economic Benefit From The 2017 Tax Cuts

A new Congressional Research Service report finds that the 2017 Tax Cuts and Jobs Act had little measureable effect on the overall US economy in...
May 29, 2019Howard Gleckman
Business Taxes: TaxVox

For Many Households, Trump’s Tariffs Could Wipe Out The Benefits of the TCJA

May 14, 2019Howard Gleckman
Federal Budget and Economy: TaxVox

The Post-TCJA Economy Continues To Grow

The beginning of the US economy’s second year under the Tax Cuts and Jobs Act was largely positive, though some troubling signs lurked just beneath...
May 7, 2019Howard GleckmanAravind Boddupalli