Individual Tax Expenditures, Credits, and Deductions

2019 Tax Brackets

The IRS recently released its 2019 individual income tax brackets and rates. Check out the new standard deduction, child tax credit, earned income tax credit, rates and brackets, and more.

The Retirement, Savings, and Other Tax Relief Act of 2018

Congress Should Put Tax Extenders to Rest

Family Provisions in the New Tax Code

The TCJA Cuts Taxes Across Every Income Level and Congressional District

Analysis of Sen. Kamala Harris’s “LIFT the Middle-Class Act”

Senators Propose Three Different Bills on the Plug-In Electric Vehicle Tax Credit

The Benefits of the State and Local Tax Deduction by County

Do taxpayers in your area rely heavily on state and local tax deductions? See how the Tax Cuts and Jobs Act tax plan may impact taxpayers in your county.

Who Benefits from the State and Local Tax Deduction?

Sources of Personal Income, Tax Year 2016

Tax Reform 2.0 Takes Shape

Recently, Congress released a series of bills which have been dubbed “Tax Reform 2.0.” These bills modify and build upon the Tax Cuts and Jobs Act, whose individual provisions are currently set to expire at the end of 2025. We outline the details of each bill, including changes to tax rates, the standard deduction, and the child tax credit.

IRS Deals Blow to SALT Deduction Cap Workarounds

What to Expect from IRS Guidance on SALT Deduction Cap Workarounds

While a few are hoping for a different outcome, most observers expect the IRS to disallow these new, intentional SALT workarounds that have been adopted by New York and a handful of other states.

State Tax Implications of Federal Tax Reform in Virginia

Virginia has an opportunity to improve its tax competitiveness following the Tax Cuts and Jobs Act. Inaction will result in higher taxes.

The Tax Cuts and Jobs Act Simplified the Tax Filing Process for Millions of Households

The newly expanded standard deduction will reduce the time taxpayers spend working on Form 1040 by 4 to 7 percent, translating into $3.1 to $5.4 billion saved annually.

Senator Harris’s Rent Relief Tax Credit is a Well-Intentioned Misfire

Evaluating the SALT Deduction Constitutional Challenge

Four states have brought a lawsuit against the federal tax bill claiming that its $10,000 cap on the state-local deduction is unconstitutional. Here’s why the lawsuit has little merit.

Taxing Patreon Contributions

Highlights from the New JCT Tax Expenditure Report

How have federal tax expenditures changed since passage of the Tax Cuts and Jobs Act? We compare 2017 and 2018 Joint Committee on Taxation estimates.

IRS to Issue Guidance Clarifying Viability of SALT Deduction Cap Workarounds