Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2027, of making certain ...

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2026, of making certain ...

Crapo suggests Loper Bright decision opens door to blocking IRS’ Direct File. The Senate Finance Committee’s top Republican, Sen. Mike Crapo (R-ID), said last week that t ...

Nearly half the benefits of extending the TCJA would go to those making $450,000 or more. TPC’s Howard Gleckman reports on new TPC analysis that finds households making about $450,000 or more in 2027 ...

Households making about $450,000 or more would receive more than 45 percent of the benefits of extending key provisions of 2017 Tax Cuts and ...

US to apply tariffs to steel and aluminum shipped from Mexico but made elsewhere. The Biden administration announced the tariffs this week, which aim to prevent China from avoiding levies by routing ...

Speaking of state revenues... TPC’s State and Local Finance Initiative released its Monthly State Revenue Highlights for May 2024. State tax revenues declined in the median state by 2.3 percent in ...

Nearly half the benefits of extending the TCJA would go to those making $450,000 or more.

Federal district court dismisses challenge to Maryland’s digital ad tax. In Chamber of Commerce of the United States v. Lierman, the US District Court for the District of Maryland rejected the chamber ...

IRS warns of new scams targeting tax professionals. The IRS and the Security Summit are urging tax professionals to be wary of scams aimed at stealing business and taxpayer information. Identity ...

US to apply tariffs to steel and aluminum shipped from Mexico but made elsewhere.