Tax Policy Center

TCJA

Business Taxes: TaxVox

Treasury’s New Pass-Through Rules Double Down On The Deduction’s Regressivity

The Tax Cuts and Jobs Act (TCJA) contains a special 20-percent individual income tax deduction for owners of pass-through businesses that was always going to...
August 14, 2018Steven M. Rosenthal
: TaxVox

Opportunity Zones May Create More Opportunities for Investors and Syndicators Than Distressed Communities

The Tax Cuts and Jobs Act (TCJA) created a new tax-advantaged Opportunity Zone program to encourage investments in economically-distressed communities that are nominated by governors...
August 2, 2018Steven M. Rosenthal
Federal Budget and Economy: TaxVox

The Post-TCJA Economy: Good News Mixed With Some Important Warning Signs

Tax Vox is continuing to track a set of economic indicators to see whether the Tax Cuts and Jobs Act has, in President Trump’s words,...
July 31, 2018Howard GleckmanAravind Boddupalli
Campaigns, Proposals, and Reforms: TaxVox

House GOP Cuts Taxes For Pass-Through Businesses, Then Worries About A Shift To Self-Employment

For the second time in a week, House Republicans are pushing policy changes that seem to conflict with key elements of last year’s Tax Cuts...
July 24, 2018Howard Gleckman
State and Local Issues: TaxVox

In the District, Conformity Giveth, and Conformity Taketh Away

This year residents of the District of Columbia are getting the last tranche of a phased-in tax cut that was enacted in 2014. But because...
June 25, 2018Richard C. Auxier
Business Taxes: TaxVox

Is the TCJA An Accountants’ Bonanza Or Nightmare?

In a Harvard Business Review article last December, I described how the complex and poorly vetted provisions of the Tax Cuts and Jobs Act (TCJA)...
June 12, 2018Eric Toder
Business Taxes: TaxVox

Eliminate The Deduction For Qualified Business Income And Require Most Firms To Be Taxed As Pass-Throughs

The most problematic provision of the Tax Cuts and Jobs Act (TCJA) may be its 20 percent deduction for qualified business income (QBI) of owners...
June 4, 2018Eric Toder
Federal Budget and Economy: TaxVox

The Tax Cuts and Jobs Act Fell Short in a Variety of Ways, Analysts Argue

Participants at a May 23 event on the effects of the Tax Cuts and Jobs Act (TCJA) on economic growth broadly agreed that the 2017...
May 29, 2018Benjamin R. Page
: TaxVox

IRS Warns States to Slow Down on Charitable SALT Workarounds

Yesterday, the IRS issued a notice warning states that are contemplating one workaround to the Tax Cut and Jobs Act’s (TCJA) $10,000 annual limit on...
May 24, 2018Steven M. Rosenthal
: TaxVox

How New York State Responded to The SALT Deduction Limit

While other states are considering workarounds to the Tax Cut and Jobs Act’s (TCJA) $10,000 annual limit on the federal deduction for state and local...
May 14, 2018Frank Sammartino