Tax data are valuable administrative records, but using them as a residence test could result in people being missed or ...

Treasury has recovered nearly $1.3 billion in unpaid taxes from high earners. In the fall of 2023, with Inflation Reduction Act funding, the agency began pursuing 1,600 taxpayers with over $1 million ...

The debt limit—or the “debt ceiling”—is the legal maximum on how much debt the federal government can accumulate. The debt limit—or the “debt ceiling”—is the legal maximum on how much debt the federal ...

Marriage penalties and bonuses occur because income taxes for married couples generally are based on the combined income of a couple, not on the incomes of each spouse individually. Under a ...

Taxing capital gains at the same rates as ordinary income would simplify the tax system by removing major incentives for tax sheltering and other attempts to manipulate the system. This could be ...

In this brief, we suggest a simpler, easier-to-administer, and more effective option: a universal charitable incentive.

One year after the Supreme Court overturned the federal restriction on state authorization of legal sports gambling, seven states allow and tax sports wagers and several others are close to joining ...

States rely heavily on gas taxes to pay for transportation construction and maintenance costs. In 2021, state motor fuel taxes generated about $50 billion in revenue. State and local motor fuel tax ...

This paper summarizes major individual and corporate tax provisions of the 2017 Tax Cuts and Jobs Act (TCJA), traces its origins, and compares its changes to previous tax changes. We examine its ...

Each year, the Internal Revenue Services receives over 3 billion information returns, such as W-2s and 1099-INTs, from employers, banks, and other entities. The IRS also collects some data about ...

Among OECD member countries, the United States is on the low end of taxes collected at all government levels—federal, state, and local—as a share of total economic activity or gross domestic product ...

The Urban-Brookings Tax Policy Center is holding a series of online conversations on tax and fiscal policy in today’s economy. The discussions take place every other Thursday afternoon and feature ...