Tax Policy Center

TCJA

: 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
: TaxVox

CBO Estimates Imply That TCJA Will Boost Incomes For Foreign Investors But Not For Americans

Proponents of the Tax Cut and Jobs Act (TCJA) claimed it would boost the US economy and generate higher incomes for the American people. At...
May 10, 2018Benjamin R. PageWilliam G. Gale
: TaxVox

How Recent Tax Reform Sounds a Clarion Call for Real Reform of Homeownership Policy

By roughly doubling the standard deduction and limiting the deduction from federal taxable income of state and local taxes (SALT), the Tax Cut and Jobs...
May 9, 2018C. Eugene Steuerle
Federal Budget and Economy: TaxVox

CBO Thinks The TCJA Will Cost $433 Billion More Than Last December’s Estimate. What Happened?

In its April fiscal update , the Congressional Budget Office estimated that the Tax Cuts and Jobs Act (TCJA) would increase the federal debt by...
April 30, 2018Benjamin R. Page
: TaxVox

TPC Releases Updated Marriage Penalty and Bonus Calculator For 2018, Including The TCJA

Just in time for wedding season, the Tax Policy Center has released an updated version of our Marriage Bonus and Penalty Calculator . The calculator...
April 26, 2018Daniel Berger
State and Local Issues: TaxVox

Ready, Or More Often Not, States Make Big Tax Changes

When Congress passed the Tax Cuts and Jobs Act (TCJA) in December, it forced states to confront major tax policy issues of their own ,...
April 23, 2018Richard C. Auxier
Federal Budget and Economy: TaxVox

CBO’s Grim Budget Forecast Underestimates The Nation’s True Fiscal Problems

CBO recently released new budget projections that incorporate the 2017 tax act and the 2018 spending deals. In a new paper with Alan J. Auerbach,...
April 23, 2018William G. GaleAaron Krupkin
Federal Budget and Economy: TaxVox

Does the Tax Cuts and Jobs Act Pass the Tests of Good Tax Policy?

On April 11, I testified before the congressional Joint Economic Committee on whether the Tax Cuts and Jobs Act (TCJA) will help Unleash… America’s Economic...
April 12, 2018Mark J. Mazur
Business Taxes: TaxVox

Three Things You Should Know about the Buyback Furor

Record stock buybacks—driven in part by the corporate tax changes in the Tax Cuts and Jobs Act (TCJA)—have sparked a media and political furor. Unfortunately,...
April 12, 2018Donald Marron