TaxVox

Will COVID-19 Relief Talks End Differently This Time?

December 3, 2020 –

By embracing a $908 billion bipartisan pandemic relief plan , congressional Democratic leaders may have jump-started long-dormant talks over short-term economic aid. A nudge by...

A Tax on Remote Work: Yes or No?

December 2, 2020 –

My husband has been working from home since the pandemic struck in March. If you ask him about it, he’ll teasingly say he’ll never go...

Business Taxes

The Supreme Court Is Hearing A Case That Could Block the IRS From Halting Abusive Tax Shelters

November 30, 2020 –

Tomorrow, the US Supreme Court will hear oral arguments in CIC Services v. IRS, a case that threatens to damage the integrity of the tax...

Individual Taxes

Key Questions Biden Will Need to Answer About His First-Time Down Payment Tax Credit

November 30, 2020 –

There are many benefits to a first-time homebuyer tax credit , such as the one proposed by President-elect Joe Biden. However, the transition from the...

Individual Taxes

How Much Will Future Retirees Receive in Lifetime Social Security and Medicare Benefits?

November 24, 2020 –

Typical millennial couples born in 1995 who retire in 2060 are scheduled to receive about $2.2 million in lifetime Social Security and Medicare benefits.

Campaigns, Proposals, and Reforms

Treasury Pick Yellen Likes Carbon Taxes and More Pandemic Relief, But Not The TCJA

November 24, 2020 –

Janet Yellen, president-elect Joe Biden’s pick for Treasury Secretary, would come to the job with largely predictable views on tax policy for a mainstream, center-left...

State and Local Issues

Improving State Tax Collections Don’t Let Congress Off the Hook on COVID-19 Relief

November 19, 2020 –

As the lame duck Congress considers further stimulus for an economy that is rebounding but still deeply troubled , Senate Majority Leader Mitch McConnell (R-KY)...