Individual Tax Expenditures, Credits, and Deductions

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

Taxable Income

Debunking 3 Myths About the Mortgage Interest Deduction

Phase 4 Is not the Time to Experiment with Temporary Credits

As lawmakers consider returning to the tax code as a tool to revive a struggling economy with high unemployment and an unpredictable virus, they should avoid temporary changes that can be distortive in the short term and inefficient in the long term.

Three Reasons Expanding Credits Aren’t the Best Pandemic Response for the Vulnerable

While reforming certain tax credits may make sense, there are far better ways to provide individuals and families with more liquidity during this crisis.

When Marriage Doesn’t Pay: Analysis and Options for Addressing Marriage and Second-Earner Penalties

In many cases, when two single workers combine their incomes and file jointly, the progressive tax system penalizes the secondary earner by subjecting their wages to a higher marginal tax rate.