American Opportunity Tax Credit

Taxes, Scholarships, And A College Freshman: No Such Thing As Free Money

Depending on their use, college scholarships may have tax consequences. But should they, given the many subsidies for college costs built into the tax code?

March 1, 2023Renu Zaretsky

State and Local Issues: TaxVox

A Little-Publicized Incentive In The New Tax Law Could Become America’s Largest Economic Development Program

The Tax Cuts and Jobs Act included a new federal incentive—Opportunity Zones—to spur investment in poor and undercapitalized communities. These incentives could become the nation’s...

March 27, 2018Brett Theodos

Individual Taxes: TaxVox

Clinton Would Tinker With, Not Rewrite, the Tax Code

While many Republican presidential candidates are promoting their versions of broad-based tax reform, Democratic frontrunner Hillary Clinton so far seems disinterested in fundamentally restructuring the code. Instead, she’d retain the framework of the current tax law, while tweaking the code to

August 11, 2015Howard Gleckman

: TaxVox

Tax Season: It Ain’t Over Till It’s Over

The IRS and the ACA: Working hard and working well. The IRS, thanks to years of preparation since the Affordable Care Act became law in 2010, has managed the current tax filing season smoothly, according to IRS Commissioner John Koskinen , even with new ACA burdens and IRS budget cutbacks . “It's

April 13, 2015Renu Zaretsky

Individual Taxes: TaxVox

Obama Would Improve Tax Subsidies for Higher Education

President Obama will feature higher education prominently in next week’s budget—a choice that makes sense, given that educational attainment is the most straightforward pathway for economic advancement. Many of his ideas, which he highlighted in his State of the Union address, are controversial.

January 25, 2015Kim S. Rueben Sandy Baum

: TaxVox

Tax Relief, Hikes, and Incentives

DC residents will likely see tax cuts—the largest in 15 years. The DC Council voted yesterday to support $165 million in tax cuts , a plan based in part on recommendations made by the DC Tax Revision Commission . Tax burdens for low- and middle-income residents would decrease in January. For four

May 29, 2014Renu Zaretsky

Campaigns, Proposals, and Reforms: TaxVox

Education Tax Credits Rival Pell Grant Program in Size: Reforms Proposed

Tax-based aid for higher education quadrupled between 2000 and 2010 and will continue to be a large part of the financial aid story – at...

February 25, 2013Elaine Maag