: Daily Deduction

In White House purview, or not?

Who should review IRS rules?
February 28, 2018Renu Zaretsky
Individual Taxes: Research report

Same-Sex Married Tax Filers After Windsor and Obergefell

This paper provides new estimates of the number and characteristics of same-sex married couples after Supreme Court rulings in 2013 and 2015 established rights to same-sex marriage. Treasury and the Internal Revenue Service (IRS) subsequently ruled that same-sex spouses would be treated as married
February 28, 2018Robin FisherGeof GeeAdam Looney
State and Local Issues: TaxVox

Could States Fix The SALT Deduction Cap By Taxing Pass-Throughs and Giving Their Owners A Credit?

As states continue to search for ways to protect their residents from the Tax Cuts and Jobs Act’s (TCJA) limits on the federal deductibility of...
February 27, 2018Howard Gleckman
: Daily Deduction

The law giveth, and the law taketh away.

Can Treasury rewrite the new tax law?
February 27, 2018Renu Zaretsky
State and Local Issues: Research report

Follow the Money: How to Track Federal Funding to Local Governments

To respond effectively to state and federal policy changes, city leaders, non-profit service providers, advocates, and researchers all need accurate data on how federal funds flow to local governments. Unfortunately, those data are spread across multiple sources that are often indecipherable or
February 27, 2018Megan RandallTracy GordonSolomon GreeneErin Huffer
Federal Budget and Economy: TaxVox

Can Treasury Rewrite the New Tax Bill?

Last year, Congress proved it can act quickly—enacting the massive Tax Cuts and Jobs Act (TCJA) just six weeks after the first version was introduced...
February 26, 2018Steven M. Rosenthal
: Daily Deduction

TCJA Problems Mount

Who will make the fixes to the TCJA’s glitches?
February 26, 2018Renu Zaretsky
Over 290 million exemptions were claimed in 2015; total exemptions claimed for taxpayers increase with income as married couples have higher incomes, on average; additional exemptions claimed also increase with income as high-income families support more dependents, on average.
February 26, 2018
Federal Budget and Economy: TaxVox

What Singapore and Germany Can Teach The US About Fiscal Policy

The US—with a projected 2018 federal budget deficit of 4 percent of Gross Domestic Product and an economy running at close to full employment-- just...
February 22, 2018Howard Gleckman
Individual Taxes: Research report

The Tax Reform Tradeoff: Eliminating Tax Expenditures, Reducing Rates Final Report

This exercise is a structured analysis to understand the implications that repealing tax expenditures would have for the overall federal tax system. The baseline tax law for the calculations in this exercise is the law in effect before enactment of the Tax Cuts and Jobs Act (essentially the Tax
February 22, 2018TPC Staff
Individual Taxes: TaxVox

Immigration Curbs Will Weaken Social Security

President Trump has proposed deporting hundreds of thousands of immigrants and backed curbs on legal immigration into the US. The president’s aggressive views on immigration...
February 21, 2018Howard Gleckman
: Daily Deduction

Questions, Answers, and Crackdowns

Where do TCJA benefits come from?
February 20, 2018Renu Zaretsky
: TaxVox

Most Taxpayers’ Benefits Come Mainly from the TCJA’s Individual Provisions, But the Rich Get Much of Their Tax Cuts from Corporate Changes

The Tax Cuts and Jobs Act (TCJA) affects the after-tax income of households in two ways: directly through the individual income tax and indirectly through...
February 19, 2018Benjamin R. Page
About 6% of all filers deducted their medical expenses in 2015. While this itemized deduction has been around since 1942, the threshold for total qualifying expenses has varied. Since 1986, this rate has been at least 7.5% of one's adjusted gross income.
February 19, 2018
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T18-0020 - Individual Income Tax Provisions in The Tax Cuts and Jobs Act (TCJA); Baseline: Pre-TCJA Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

Table shows distributional effect in 2018 by expanded cash income level of the major individual income tax provisions in the Tax Cuts and Jobs Act (TCJA).
February 16, 2018
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T18-0021 - Individual Income Tax Provisions in The Tax Cuts and Jobs Act (TCJA); Baseline: Pre-TCJA Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

Table shows distributional effect in 2018 by expanded cash income percentile of the major individual income tax provisions in the Tax Cuts and Jobs Act (TCJA).
February 16, 2018
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T18-0022 - Major Individual Income Tax Provisions in The Tax Cuts and Jobs Act (TCJA); Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2018

Table shows tax units with a tax increase or tax cut in 2018 by expanded cash income level under the major individual income tax provisions...
February 16, 2018
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T18-0023 - Major Individual Income Tax Provisions in The Tax Cuts and Jobs Act (TCJA); Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Percentile, 2018

Table shows tax units with a tax increase or tax cut in 2018 by expanded cash income percentile under the major individual income tax provisions...
February 16, 2018
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T18-0024 - The Tax Cuts and Jobs Act (TCJA): All Provisions and Individual Income Tax Provisions; Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

Table compares the distributional effect in 2018, by expanded cash income level, of all provisions in the Tax Cuts and Jobs Act (TCJA) with only...
February 16, 2018
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T18-0025 - The Tax Cuts and Jobs Act (TCJA): All Provisions and Individual Income Tax Provisions; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

Table compares the distributional effect in 2018, by expanded cash income percentile, of all provisions in the Tax Cuts and Jobs Act (TCJA) with only...
February 16, 2018
Campaigns, Proposals, and Reforms: Distribution Tables by Dollar Income Class

T18-0026 - The Tax Cuts and Jobs Act (TCJA): All Provisions and Individual Income Tax Provisions; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2018

Table compares tax units with a tax increase or tax cut in 2018, by expanded cash income level, under all provisions of the Tax Cuts...
February 16, 2018
Campaigns, Proposals, and Reforms: Distribution Tables by Percentile

T18-0027 - The Tax Cuts and Jobs Act (TCJA): All Provisions and Individual Income Tax Provisions; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Percentile, 2018

Table compares tax units with a tax increase or tax cut in 2018, by expanded cash income percentile, under all provisions of the Tax Cuts...
February 16, 2018
: TaxVox

Governors Talk Taxes in Their State of the State Addresses

It’s difficult to predict where states will end up on tax policy this year given last year’s budget drama and this year’s new federal tax...
February 16, 2018Richard C. Auxier
: Daily Deduction

“With a little help from my friends.”

“What would you do if I sang out of tune?” Senators are concerned that the president’s budget proposal does not provide enough funding for the IRS to administer the TCJA.
February 16, 2018Renu Zaretsky
: TaxVox

The Price We Pay for Capping the SALT Deduction

The Tax Cuts and Jobs Act (TCJA) limited the ability of taxpayers to deduct state and local taxes (SALT) from their federal taxable income. New...
February 15, 2018Tracy Gordon