TaxVox: Income tax (individual)

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

High-Income Households Would Benefit Most From Repeal of the SALT Deduction Cap

September 24, 2018 –
Repealing the SALT Deduction Cap Would Largely Benefit High-Income Households, TPC Finds Only about 9 percent of households would benefit from repeal of the Tax...
Individual Taxes

Extending The TCJA Would Cut Revenue By $3.8 Trillion Through 2038, Mostly Benefit The Well-Off

September 12, 2018 –
The House Republican plan to make permanent the individual income and estate tax provisions of the Tax Cuts and Jobs Act (TCJA) would add almost...
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Business Taxes

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

August 14, 2018 –
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...
childless EITC

Tax Reform 2.0 Should Expand Childless EITC To Reduce Poverty

August 6, 2018 –
House Ways & Means Committee Chair Kevin Brady (R-TX) and other top House Republicans are exploring some ideas for a proposed tax reform 2.0 ,...
Individual Taxes

Delaying Tax Refunds Constrains Spending On Daily Living Expenses

July 5, 2018 –
The Protecting Americans from Tax Hikes (PATH) Act of 2015 required the IRS to delay tax refunds until at least February 15 for taxpayers who...

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...
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...
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...