Under HB26-1221, Colorado would make two changes that raise additional revenue by taxing income that doesn’t actually exist. The proposed changes to the state’s alternative minimum tax and net operating loss provisions are designed to overstate income, leading to double taxation and distorting taxpayer behavior.
5 min read
The Trump tariffs have not meaningfully altered the trade balance and amount to an average tax increase per US household of $700 in 2026.
51 min read
Delaware Governor Matt Meyer (D) has proposed a new state budget that includes roughly $18.9 million in additional annual revenue from higher tobacco taxes.
4 min read
New Mexico’s SB 151 decouples from the OBBBA’s full expensing provision, making the state’s tax climate less competitive.
4 min read
Short FormIf you’ve filed your taxes already, you may have noticed a larger refund this year. That’s due to changes Congress made with the One Big Beautiful Bill Act (OBBBA) last year that retroactively cut taxes for 2025.
3 min read
The total amount refunded as of the first week of reporting is running ahead of past filing season at $19.95 billion, while the average refund is up 10.9 percent at $2,290.
3 min read
2026 Tax Brackets
Facts & Figures 2025: How Does Your State Compare?
Summary of the Latest Federal Income Tax Data, 2025 Update
State and Local Sales Tax Rates, 2026
State Individual Income Tax Rates and Brackets, 2026
Corporate Tax Rates Around the World, 2025
Top Personal Income Tax Rates in Europe, 2026
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Commentary
See All CommentaryShould We Tax Artificial Intelligence?
AI is everywhere, and now it’s in the tax policy debate.
Side-by-Side Implementation Is a Good Start, but It’s Just the Beginning
The side-by-side agreement is an important step in trans-Atlantic economic relations, however, there is more work to be done—on both sides of the Atlantic. If there’s a downside to the side-by-side agreement, it’s the risk of locking in mediocre tax policy choices for the long run.
Online Sports Betting Could Be Lucrative for Alaska if New Legislation Gets the Taxes Right
Alaskan lawmakers are actively debating this session whether they should open their digital borders to the online sports betting market. If legalization is a step Alaska decides to take, the right tax mix could result in notable fiscal advantages for the state.
Trump Tariffs Blocked by the Supreme Court (What’s Next?)
Last Friday, the Supreme Court struck down President Trump’s IEEPA tariffs in a landmark 6-3 decision.
Taxing Alternative Nicotine in New York Is a Health Policy Buzzkill
As states grapple with taxing the evolving tobacco and nicotine market, policymakers should carefully consider the tax mix they implement.
Lessons From European Geoeconomics & The Future Of International Tax Policy
European policymakers would be wise to refocus tax and trade policies on what is good for Europe rather than trying to change policies in countries beyond European borders. Meanwhile, the Trump administration would be wise to recognize that the transatlantic relationship is a geoeconomic asset that can be mutually beneficial.
Simplicity Is Still Missing from Michigan’s Tax Debate
Testimony: Assessment Limits and Property Taxes in Nebraska
Yes, You’re Getting a Bigger Tax Refund. But That’s Not the Whole Story.
Cut the Income Tax, Not Taxes on Tips and Overtime
Trump Tax Policy Shift Toward Stability Must Stay the Course
2025 Tax Review | What OBBBA Changed, the Impact of Tariffs, and What’s Next