TaxVox

The Three Numbers To Know About The TCJA In 2018

April 18, 2019 –

As tax filing season came to an end, lots of people wanted to know how much the Tax Cuts and Jobs Act (TCJA) affected 2018...

Tax Day Is Here, And State Budget Offices Share Your Fears And Hopes For A Good Return

April 15, 2019 –

With Tax Day here, taxpayers are scrambling to finish up their returns—both federal and state (that is, if their state has an individual income tax)...

Individual Taxes

The Income Tax Makes Life Simpler, Really

April 12, 2019 –

As April 15 approaches, it is fashionable to complain about how complicated the tax system is. And it is. But it’s time to recognize that,...

Four Ways To Tell When A Tax Proposal Is Serious

April 11, 2019 –

With the new Congress well into its legislative season and many Democratic presidential hopefuls in full campaign mode, policy ideas are flying fast and furious...

Individual Taxes

Neal Will Need More Of Trump's Tax Returns

April 5, 2019 –

House Ways and Means Committee Chair Richard Neal will need more than six years of President Trump’s income tax returns...

Individual Taxes

The Lowest-Income Families Could Receive Larger Child Tax Credits With A Few Changes To The Tax Code

April 5, 2019 –

The child tax credit (CTC) provides a credit of up to $2,000 per child for families with children under 17. But low-income families often get...

Federal Budget and Economy

The US Budget Imbalance Needs Fiscal Therapy

April 4, 2019 –

A few years ago, the Internet went wild over a photograph of a dress. Was it blue and black, or white and gold? Many people...

Individual Taxes

Individual Retirement Accounts Should Be For…Retirement

April 4, 2019 –

The House and Senate unveiled similar bipartisan retirement savings bills this week. Among the differences: The House bill would let you use IRA funds for having a baby.