Along with hundreds of millions in potential new costs for Missouri taxpayers, an analysis of the budget bill backed by Congressional Republicans and President Donald Trump shows it would also cut ...

How’s that for a fun new federal tax scam to help the super-wealthy? “Donate” $10 million in stock to charity, purchased for $6 million — then get all $10 million back in tax credits and avoid more ...

For example, the U.S. tax system mostly functions on voluntary compliance. Unauthorized immigrants contributed nearly $100 billion in local, state, and federal taxes in 2022, the Institute on Taxation ...

While Republicans made inroads with Black and Latino voters in 2024, they could also surrender such gains. According to the Institute on Taxation and Economic Policy, in extending and expanding upon ...

The policy brief, “Centering Black Households in the 2025 Tax Debate,” analyzes how the proposed extension of the 2017 Tax… ...

The policy brief, “Centering Black Households in the 2025 Tax Debate,” analyzes how the proposed extension of the 2017 Tax Cuts and Jobs Act (TCJA) would affect Black communities.

House Republicans rejected a push by some allies of President Donald Trump to include tax hikes on the rich in sweeping legislation they passed last week — a decision that could carry repercussions ...

As the Institute on Taxation and Economic Policy notes, the top 1 percent of Floridians (those with income of more than $1.1 million annually) would receive an average tax cut of $86,320 in 2026. As a ...

Lawmakers are divided over how to deal with the state and local tax deduction or SALT, after the House passed its version of the Republican spending bill last week. The cap tends to impact Americans ...

Analysis from the Institute on Taxation and Economic Policy shows that the richest 1 percent of taxpayers in the District will get the biggest tax cut—one being paid for by slashing federal basic ...