Tax Policy Center

economic impact payments

Individual Taxes: TaxVox

TPC: The Number Of Those Who Don’t Pay Federal Income Tax Drops To Pre-Pandemic Levels

After dramatically rising during the worst of the pandemic, the number of households who pay no federal income tax has fallen sharply. It will remain...
October 27, 2022Howard Gleckman
Individual Taxes: TaxVox

Economic Well-Being Improved in 2021, But Will It Continue?

Even though jobs are plentiful and wages are up, many families still face a shaky economic outlook. Higher than average inflation, which tends to hit...
June 7, 2022Elaine Maag
: TaxVox

Where Are Families Most At Risk Of Missing Out On The Expanded Child Tax Credit?

The expanded and fully refundable child tax credit (CTC) will lift millions of children out of poverty in 2021. But many very low-income children may...
October 21, 2021Aravind Boddupalli
Individual Taxes: TaxVox

The COVID-19 Pandemic Drove A Huge, But Temporary, Increase in Households That Did Not Pay Federal Income Tax

The COVID-19 pandemic and the policy response to it led to an extraordinary increase in the number of American households that owed no federal individual income tax in 2020. The Tax Policy Center estimates that last year more than 107 million households, or nearly 61 percent, owed no income tax or even received tax credits from the government.
August 18, 2021Howard Gleckman
Individual Taxes: TaxVox

Delivering Tax Benefits to People Who Are Experiencing Homelessness

By approving a third round of economic impact payments (EIPs) and expanding refundability of the Child Tax Credit, Congress has made refundable tax credits a...
April 15, 2021Elaine MaagPeace GwamSonia Torres Rodríguez
Individual Taxes: TaxVox

Are The American Rescue Plan’s Tax Cliffs Really Such A Big Deal?

Are American Rescue Plan’s Tax Cliffs Really Such A Big Deal? Economists hate cliffs. But the tax cliffs in the ARP may not be so bad.
March 23, 2021Howard Gleckman
Individual Taxes: TaxVox

Biden’s Pandemic Relief Bill Is One of The Biggest One Year Tax Cuts in Modern US History

Talk about playing against type: The tax cuts in President Biden’s American Rescue Plan (ARP) are among the biggest one-year tax reductions in modern US...
March 16, 2021Howard Gleckman
Individual Taxes: TaxVox

Which DC Residents Haven’t Gotten Their Economic Impact Payments Yet?

In March 2020, Congress started down the rather unusual but not unprecedented path of sending people checks to help them deal with effects of the...
March 12, 2021Elaine Maag
Federal Budget and Economy: TaxVox

Pandemic Bill Would Cut Taxes by An Average of $3,000, With Most Relief Going to Low- And Middle-Income Households

Pandemic bill would Cct taxes by an average of $3,000, with most relief going to low- and middle-income households, according to a new TPC analysis...
March 8, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

Congress Could Make COVID-19 Relief Payments Fairer, Less Costly, and More Stimulative

Republicans and some leading economists have raised concerns about the cost, fairness, and stimulative effects of proposed cash payments in the pandemic relief legislation Congress...
February 11, 2021James R. Nunns