Former President Trump’s proposal to repeal the $10,000 cap on the state and local tax (SALT) deduction would cut 2025 taxes by an average ...

IRS names new head of the Independent Office of Appeals. The agency selected Elizabeth Askey to serve in the role. She’ll set strategy and oversee operations of the office, which helps to resolve ...

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2025, of repealing the $10 ...

Trillions of dollars of unrealized capital gains permanently escape taxation, disproportionately benefitting the richest ...

A grand bargain that acknowledges tradeoffs is the way out of the nation’s fiscal crisis. TPC’s Gene Steuerle reviews the efforts of the Peter G. Peterson Foundation and the Center for Collaborative ...

Only a handful of all employees and fewer than 60 percent of tipped workers would benefit from proposals to exempt gratuities ...

The Inflation Reduction Act (IRA) of 2022 enacted an $80 billion 10-year investment in the Internal Revenue Service on top of the agency’s regular annual appropriations. Although Congress cut the IRA ...

Campaigns and political party platforms provide limited policy details. That’s by design: especially in a campaign, politicians tend to accentuate what they will do ...

Negotiations are underway to fund the government after Oct. 1.

The bipartisan “no taxes on tips” proposal is the most prominent example of a politically attractive soundbite bumping aside sound policy.

Spending bill fails in the House. Speaker Mike Johnson (R-LA) brought a short-term spending bill to the floor yesterday, but it failed to secure the votes needed for passage. Funding for the federal ...