TaxVox: Individual Taxes

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The voices of Tax Policy Center's researchers and staff

New Gun And Ammo Taxes Sound Like Promising Ways To Reduce Gun Violence. But There Are Problems.

May 24, 2018 –
The Gun Violence Prevention and Safe Communities Act of 2018 , introduced in Congress after February’s Parkland FL school shooting, would increase federal excise taxes...

Filing Taxes: A Nonresident's Experiences

May 15, 2018 –
Along with over 100 million others, I recently filed my 2017 federal income tax return. This was a special occurrence, because it was the first...

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

May 10, 2018 –
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...

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

May 9, 2018 –
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...
Individual Taxes

Understanding The Appeal Of Claims That “47 Percent” Pay No Income Tax

May 8, 2018 –
It might be the best-known statistic in tax policy: 47 percent of federal tax filing households pay no net federal income tax. After the Tax...

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

April 26, 2018 –
Just in time for wedding season, the Tax Policy Center has released an updated version of our Marriage Bonus and Penalty Calculator . The calculator...
Individual Taxes

How To Improve the Child Tax Credit for Very Low-Income Families

April 19, 2018 –
The Tax Cuts and Jobs Act made many changes to the individual income tax. In particular, the child tax credit (CTC) was increased to provide...
Individual Taxes

The IRS Audit Rate is Plummeting. Does It Matter?

April 2, 2018 –
The IRS has reported that its overall audit rate is continuing to fall , especially for businesses and high-income individual taxpayers. The Service audits less...
State and Local Issues

How Taxpayers In Each State Will Fare Under the TCJA’s Individual Income Tax Provisions

March 28, 2018 –
The Tax Cuts and Jobs Act will cut individual income taxes for about two-thirds of US households in 2018, by an average of about $1,300...

Conformity and Child Tax Credits: How Idaho’s $100 Million Tax Cut Could Raise Taxes on Large Families

March 21, 2018 –
Idaho Gov. Butch Otter signed a $100 million tax cut last Monday. The bill would reduce Idaho’s individual and corporate income tax rates and lower...