Tax Policy Center

Coronavirus Aid

Individual Taxes: TaxVox
The IRS has done an impressive job delivering over 80 million rebate payments authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. But...
April 28, 2020Elaine Maag
State and Local Issues: TaxVox
Senate Majority Leader Mitch McConnell (R-KY) recently said he is “in favor of allowing states to use the bankruptcy route,” instead of Congress providing them...
April 24, 2020Richard C. Auxier
Federal Budget and Economy: TaxVox
Defying the skeptics (including me ), the Internal Revenue Service last week began depositing direct payments of $1,200 for adults (plus $500 per child under...
April 22, 2020Janet Holtzblatt
Federal Budget and Economy: TaxVox
The current recession derives from two sources: demand and supply. On the demand side, consumers are purchasing fewer durable goods (e.g., automobiles) and spending much...
April 20, 2020C. Eugene Steuerle
: TaxVox
The Coronavirus Aid, Relief, and Economic Security (CARES) Act grants massive tax relief for business losses, but most of the benefits will be reaped by...
April 20, 2020Steven M. RosenthalAravind Boddupalli
: TaxVox
Over the next decade, the individual “ recovery rebate ” program will account for about half of the Coronavirus Aid, Relief and Economic Security (CARES)...
April 17, 2020Thornton Matheson
Individual Taxes: TaxVox
To its credit, the IRS has been quickly distributing the first tranche of rebates authorized under the Coronavirus Aid, Relief, and Economic Security (CARES) Act...
April 16, 2020Elaine Maag
Federal Budget and Economy: TaxVox
One big unanswered question about the COVID-19 recovery rebates included in the Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act: What year’s income will the...
April 10, 2020Janet Holtzblatt
: TaxVox
The Coranavirus Aid, Relief, and Economic Security (CARES) Act expansion of Unemployment Insurance (UI) benefits is likely to cost far more than Congress’s original estimate...
April 9, 2020Benjamin R. Page
Individual Taxes: TaxVox
The Coronavirus Aid, Relief, and Economic Security (CARES) Act creates two new tax benefits for donors to non-profits. One will mostly benefit low- and middle-income...
April 8, 2020Howard Gleckman