“It’s about three times as generous as what you’re gonna get from donating to a children’s hospital or a veteran’s group or any other cause,” says Carl Davis at the Institute on Taxation and Economic ...

The result would be a profitable tax shelter for wealthy people who agree to help funnel public funds into private schools,” Amy Hanauer, the institute’s executive director, said in the webinar. “That ...

Under current law, families need upward of $30,000 a year to receive the full tax credit amount, explains Joe Hughes, senior analyst at the Institute on Taxation and Economic Policy.

It’s not surprising that this bill was written behind closed doors and rushed through in the night before Americans had a chance to see what it contains,” Amy Hanauer, executive director of the ...

Immigrant tax filers face a harsher tax code than citizens in some important respects. Sweeping tax legislation recently ...

The poorest fifth of Americans would receive 1 percent of the House reconciliation bill's net tax cuts in 2026 while the ...

The sprawling tax and spending bill before the House of Representatives would cut more than $200 billion from food assistance ...

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

If Congress extends the 2017 tax cuts as planned, by itself this would yield the top 5 percent of households in DC an average annual tax cut of up to $36,000, depending on how much the cap on deductio ...

In 2022, people who are undocumented paid $692 million in North Carolina state and local taxes.[ii] If ten percent of people who are undocumented are deported it would result in a loss of $69 million ...

In 2022, people who are undocumented paid an estimated $1.3 billion in New Jersey state and local taxes. In 2022, people who are undocumented paid $692 million in North Carolina state and local taxes.

While working-class families (defined here loosely as the bottom 40 percent of earners) could expect an average tax cut of $361 in 2027, the nation’s highest-income families (defined as the top 0.1 ...