May 13, 2021
On Monday, the U.S. Treasury Department released much-anticipated guidance for the American Recovery Plan ’s (ARP) $350 billion in direct state and local aid ,...
May 13, 2021
The COVID-19 pandemic and accompanying recession laid bare many of the needs of working families and children, as well as federal, state, and local governments’...
May 5, 2021
The House Ways & Means Committee is once again tinkering with the law that requires retirees to take minimum distributions from their individual retirement accounts...
May 5, 2021
Tax incentives can encourage action that supports the public good—like lifting children out of poverty, giving to charity, pursuing higher education, or using alternatives to fossil fuels. How about helping end a global pandemic?
May 3, 2021
I —among many others —have called for more money for the Internal Revenue Service to enable it to collect even more money owed to the...
May 3, 2021
In his American Families Plan, President Biden unveiled a tax compliance initiative aimed at closing the gap between taxes that are owed and what are...
April 30, 2021
President Biden’s American Families Plan would make two big changes in the tax treatment of investment income such as long-term capital gains and dividends. Some...
April 28, 2021
IRS Commissioner Charles Rettig told the Senate Finance Committee on April 13 that the agency could begin delivering monthly 2021 Child Tax Credit (CTC) payments...
April 28, 2021
President Biden has proposed to tax capital gains earned by high-income households more like other income. This is a significant reform that would close loopholes...
April 23, 2021
Households making $1 million or more a year would receive half the benefit of repealing the $10,000 federal cap on the state and local tax...