Wyden challenges the Joint Committee on Taxation’s figures on what the ultra-wealthy pay in taxes. Earlier this week, JCT estimated that the top 0.01 percent of taxpayers paid an average federal tax ...

Both Donald Trump and Kamala Harris are promoting a troubling idea: Hyper-targeting tax subsidies to narrowly favored ...

The federal government collected $7.2 billion from taxes on retirement annuities of railroad workers in fiscal year 2023.

Many families find child care expensive and difficult to access . Senators Tim Kaine (D-VA) and Katie Britt (R-AL) have ...

State Auditor Mike Foley in his advisory letter to Nebraska lawmakers says the growing use of tax-increment financing (TIF) for economic development has grown considerably. Over $500 million in ...

Property tax rates have fallen for years in the city, but city officials are now considering property tax increases to address the costs of recent natural disasters. Houston officials are exploring an ...

Republican presidential nominee Donald Trump recently proposed cutting the current 21 percent corporate tax rate to 15 percent for companies that do not outsource, offshore, or replace American ...

Maryland joins IRS Direct File. State Comptroller Brooke Lierman said last week that an estimated 700,000 state residents could qualify for the IRS’s free online tax filing program. The IRS piloted ...

Congress is back with a big to-do list. But, as TaxNotes reports (paywall), Congress will be in session together for only 13 days, increasing pressure to pass a continuing resolution before federal ...

Harris’s proposed newborn tax credit could be worthwhile with sound administration. TPC’s Margot Crandall-Hollick examines a proposal by Democratic presidential nominee Kamala Harris. As part of ...

The American Rescue Plan Act of 2021 (ARP) temporarily expanded the so-called “childless” EITC, or the earned income tax credit for workers without children at home. The maximum credit for these ...

Harris’s proposed newborn tax credit could be worthwhile with sound administration.