Individual Tax Expenditures, Credits, and Deductions

Where Does Kamala Harris Stand on Tax Policy?

What tax policy ideas did Harris propose along the campaign trail, and how do they differ from Biden’s plan?

An Overview of the Low-Income Housing Tax Credit (LIHTC)

The LIHTC has subsidized over 3 million housing units since it was established in 1986, the largest source of affordable housing financing.

Marriage Bonus

Mortgage Interest Deduction

Refundable Tax Credit

State and Local Tax (SALT) Deduction

Tax Base

Tax Deduction

Standard Deduction

Itemized Deduction

Marriage Penalty

Inflation Indexing

Individual Income Tax

Dynamic Scoring

Double Taxation

Child Tax Credit (CTC)

Average Tax Rate

After-Tax Income

Adjusted Gross Income (AGI)

Tax Credit