Individual Tax Expenditures, Credits, and Deductions

Analysis of H.R. 1757: A Proposal to Raise the SALT Deduction Cap

A Tradition Unlike Any Other: The Masters Tax Exemption

Augusta National Golf Club is famous for more than green jackets and pimento cheese sandwiches—legend has it that it’s the impetus for one of the tax code’s many exemptions.

A Growing Percentage of Americans Have Zero Income Tax Liability

From 1986 to 2016, the top 1 percent’s share of income taxes rose from 25.8 percent to 37.3 percent, while the bottom 90 percent’s share fell from 45.3 percent to 30.5 percent.

Analysis of the “SALT Act”

Lawmakers recently introduced a bill to repeal the $10,000 cap on the state and local deduction (SALT) and raise the top tax rate on ordinary income from 37 percent to 39.6 percent.

Who Benefits from Itemized Deductions?

While some tax preferences like the earned income tax credit (EITC) and child tax credit benefit lower- and middle-income households, others, like itemized deductions, benefit high-income households.

Analysis of the Cost-of-Living Refund Act of 2019

We estimate that a new proposal to expand the EITC would reduce federal revenue by $1.8 trillion and decrease long-run GDP by 0.29 percent, while boosting labor force participation for low-income tax filers by 822,788 full-time equivalent jobs.

Governor Evers Vetoes Wisconsin Standard Deduction Tax Relief Bill

Evaluating Education Tax Provisions

Research shows that the current menu of education-related tax benefits is not effectively promoting affordability or the decision to attend college. Lawmakers wishing to provide education assistance should reconsider whether the tax code is the best tool to achieve that goal.

Governor Cuomo’s Aggressive Theory of Tax Flight—And Why He’s Wrong About How to Stop It

Tax Extenders Could Return from the Grave Mid-Filing Season

Don’t Judge Your Taxes by Your Refund

Virginia on the Cusp of a $600 Million Unlegislated Tax Increase

Lawmakers Start the New Year with a Long Tax Policy To-Do List

Eliminating the SALT Deduction Cap Would Reduce Federal Revenue and Make the Tax Code Less Progressive

Charitable Deductions by State

Tax Trends Heading Into 2019

In 2019, key trends in state tax policy include reductions in corporate tax rates, updating sales tax systems to include remote online sales, taxes on marijuana and sports betting, gross receipts taxes, and more. Explore our new 2019 guide!

Tax Expenditures Before and After the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act After A Year

The Tax Switch that Could Speed Up December Divorces

South Carolina: A Road Map For Tax Reform

South Carolina is by no means a high tax state, though it can feel that way for certain taxpayers. The problems with South Carolina’s tax code come down to poor tax structure. Explore our new comprehensive guide to see how South Carolina can achieve meaningful tax reform.