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Individual Tax Expenditures, Credits, and Deductions

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Bernie Sanders CEO Pay Act, Tax Excessive CEO Pay Act, Bernie Sanders CEO tax Work Opportunity Tax Credit WOTC, Supplemental Nutrition Assistance Program (SNAP), Temporary Aid for Needy Families (TANF) Sherrod Brown, Ben Cardin

Tax Options for Economic Relief During the Coronavirus Crisis

Instead of simply reaching for fiscal stimulus with the goal of increasing economic activity, tax policy changes can give vulnerable individuals and businesses additional liquidity and space to survive the reduction in economic activity needed in light of the coronavirus outbreak.

5 min read
refundable tax credits definition What are the 2021 Tax Brackets?What are the 2020 Tax Brackets? 2021 federal income tax brackets, 2020 federal income tax brackets

2020 Tax Brackets

The IRS recently released the new 2020 tax brackets and rates. Explore updated credits, deductions, and exemptions, including the standard deduction & personal exemption, Alternative Minimum Tax (AMT), Earned Income Tax Credit (EITC), Child Tax Credit (CTC), capital gains brackets, qualified business income deduction (199A), and the annual exclusion for gifts.

5 min read
2019 Election Day 2019, state and local tax ballot measure results, 2019 tax ballot measures, 2019 ballot results

Results of 2019 State and Local Tax Ballot Initiatives

Election Day 2019 will feature notable tax-related ballot measures in California, Colorado, New Mexico, Pennsylvania, Texas, and Washington. Once the polls close tonight, beginning with Pennsylvania and Texas at 8 PM EST, we will begin tracking the results as they come in.

4 min read
Gig economy work, gig economy workers, gig economy tax, taxes for gig economy workers, gig economy tax issues, calculating ridesharing expenses, calculating tax owed for an independent contractor and employee, standard business deduction, calculate taxes owed ridesharing expenses, calculate taxes owed independent contractor, standard business deduction

Improving the Federal Tax System for Gig Economy Participants

Advances in technology have enabled workers to connect with customers via online platform applications for work ranging from ridesharing to home repair services. The rise of gig economy work has reduced barriers to self-employment, bringing tax challenges like tax complexity and taxpayer noncompliance.

32 min read