28 states and DC have state-level earned income tax credits. In tax year 2022, state refundable credits range from 3% of the federal EITC in Montana to 70% in DC.
Amounts of realized capital gains, taxes paid, average effective tax rates, and maximum tax rate on long-term capital gains, for tax years 1954 to 2014. Data unavailable for recent years.
IRS Commissioner Charles Rettig raised some eyebrows when he singled out the growing popularity of cryptocurrency as a big factor behind the sizeable tax gap—the...
The Urban-Brookings Tax Policy Center is holding a series of online conversations on tax and fiscal policy in today’s economy. The discussions take place every...
Number of tax returns, amount of foreign, general business, and minimum tax credits, and total income tax before and after tax credits of active corporations, by industry.
Number and percentage of returns classified by item with the largest and second-largest tax effect for taxable and nontaxable returns with incomes $200,000 or more.
State policymakers across the country are considering tax cuts in 2022. While there are many reasons and ways to cut taxes, state policymakers should keep in mind that the pandemic’s negative effects were unequal and that future state revenue growth is uncertain. This report, using the Tax Policy
