Tax Policy Center

Tax Cuts and Jobs Act

: TaxVox
Several changes in the Tax Cuts and Jobs Act (TCJA) significantly reduce the tax benefits of taking out a home mortgage (though these changes are...
November 20, 2019Chenxi Lu
: TaxVox
The Tax Cuts and Jobs Act (TCJA) significantly changed how families with children were treated under the individual income tax, but for many - changed...
October 8, 2019Elaine Maag
Federal Budget and Economy: TaxVox
The Tax Cuts and Jobs Act (TCJA) cut federal tax revenues by nearly $2 trillion over its first decade, with almost all the benefit going...
October 7, 2019Leonard E. Burman
Individual Taxes: TaxVox
New York Times reporters Jesse Drucker and Eric Lipton wrote a well-reported piece the other day on that Tax Cuts and Jobs Act’s Opportunity Zone...
September 5, 2019Howard Gleckman
Federal Budget and Economy: TaxVox
The great architect Louis Sullivan once wrote , “form follows function.” I can’t help but wonder if, in the less stable world of tax, new...
September 3, 2019Robert A. Weinberger
State and Local Issues: TaxVox
It’s an unusually glamorous time to be an accountant in Minnesota. Over the past year, certified public accountants (CPAs) and other professional tax preparers have...
August 26, 2019Erin HufferMaxwell Grozovsky
: TaxVox
All states with an income tax link to the federal tax system to some degree. This system of federal-state conformity helps taxpayers by standardizing the...
August 19, 2019Erin Huffer
Federal Budget and Economy: TaxVox
The economic benefits of the Tax Cuts and Jobs Act (TCJA) seem to have petered out. The US economy grew robustly in late 2017, perhaps...
August 1, 2019Howard GleckmanAravind Boddupalli
Federal Budget and Economy: TaxVox
A spike in announcements of bonus payments for workers followed the passage of the Tax Cuts and Jobs Act (TCJA) in December 2017, and President...
July 16, 2019Theo BurkeSteven M. Rosenthal
Individual Taxes: TaxVox
One day soon, the IRS will release its near-final version of the 2020 Form W-4 that workers are supposed to use to calculate their federal...
July 11, 2019Howard Gleckman