Individual Income and Payroll Taxes

Statement on Final Passage of the Tax Cuts and Jobs Act

With the Tax Cuts and Jobs Act, Congress took a historic step toward rewriting the U.S. tax code for the first time since 1986.

Pass-Through Deduction Won’t Flow Through to Most States

For policymakers in most states, the fact that the pass-through deduction doesn’t affect AGI should come as a relief. For those in the six states which use federal taxable income as their starting point for conformity, decoupling from the provision is an entirely viable option.

Who Gets a Tax Cut Under the Tax Cuts and Jobs Act?

How would the Tax Cuts and Jobs Act impact different households? Check out our sample taxpayers to see what would change if the bill is enacted.

Does Your State’s Individual Income Tax Code Conform with the Federal Tax Code?

As the federal government continues to debate tax reform, states, and many taxpayers, are asking an important question: How is my state’s tax code impacted? The exact impacts won’t be known until the federal bill is finalized, but a good place to start is understanding the issue of conformity.

High-Tax States are Inconsistent on the State and Local Tax Deduction

If the state and local tax deduction is necessary to prevent double taxation, why don’t states offer a deduction for federal and local taxes?

Important Differences Between the House and Senate Tax Reform Bills Heading into Conference

The House and Senate have both passed legislation that would overhaul the federal tax code. Learn about the key differences between the two bills.

Key Changes in Senate Tax Reform Bill Heading into the Vote-a-Rama

A brief summary of the most notable provisions of the Senate Tax Cuts and Jobs Act in the form in which it enters the “vote-a-rama.”

Visualizing the Static Impact of the Tax Cuts and Jobs Act on 25,000 Taxpayers

Headlines Reporting U.S. as a “Low-Tax” Nation Overlook Our Overreliance on Economically Harmful Income Taxes

Who Gets a Tax Cut Under the Amended Senate Tax Cuts and Jobs Act?

Here’s how the individual income tax provisions of the amended Senate’s Tax Cuts and Jobs Act would impact individuals and families across the income spectrum.

The House Takes a Big Step Forward on Tax Reform

The House of Representatives passed the Tax Cuts and Jobs Act by a vote of 227-205. Here is a summary of the major provisions in the final package.

The Economics of Permanent Corporate Rate Cuts Must Outweigh the Optics of Sunsetting Individual Tax Cuts

The Senate Tax Cuts and Jobs Act is right to make the most pro-growth policies permanent and sunset the ones that will do less economic harm.

Overview of the Senate’s Amendment to the Tax Cuts and Jobs Act

The Chairman’s Mark of the Senate’s Tax Cuts and Jobs Act includes a number of important changes. Here’s a quick overview of those that matter most.

Who Gets a Tax Cut Under the Senate Tax Cuts and Jobs Act?

Here’s how the individual income tax provisions of the Senate’s Tax Cuts and Jobs Act would impact individuals and families across the income spectrum.

Important Differences Between House and Senate Versions of the Tax Cuts and Jobs Act

This list, though not exhaustive, catalogues the major differences between the House and Senate version of the Tax Cuts and Jobs Act.

Small Pass-Through Businesses Would See Some Benefits Under the House Tax Cuts and Jobs Act

Even with large changes, many in the pass-through community are arguing that small pass-throughs don’t benefit since most or all of their taxable income falls below the 25 percent maximum rate. While correct on the small point, advocates miss the greater tax reform picture. Small pass-through businesses would still benefit from a number of other changes.

Benefits of the House Tax Cuts and Jobs Act for the Lower-Middle Class

According to the Taxes and Growth model, the House Tax Cuts and Jobs Act should increase after-tax income by 4.5 percent for those in the second-lowest quintile, and by 4.6 percent for those in the middle quintile.

How the State and Local Tax Deduction Interacts with the AMT and Pease Limitation

The way the state and local tax deduction, alternative minimum tax, and Pease limitation interact is complex. This primer makes things easier to understand.

Details of the House Tax Cuts and Jobs Act

The House Tax Cuts and Jobs act would fundamentally reform the U.S. tax code for the first time in over 30 years. Here are all the important details.

Five Implications of Retaining the Property Tax Deduction Under Federal Tax Reform

To achieve meaningful tax reform, Congress will require significant base-broadeners. Saving the property tax deduction makes the math more difficult, but still leaves clear paths forward.