“The new tax credit could become a model for Congress to direct money to other causes through the tax code,” said Carl Davis, research director at the Institute on Taxation and Economic Policy.

Miles Trinidad, a state analyst for the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan tax policy organization, ...

Alabama passed its overtime exemption in 2023, with a sunset of July 1, 2025 unless renewed. While the legislature passed the ...

However, the Senate proposal is different from the House version in two key ways, Matt Gardner, senior fellow at ...

The estate tax is barely hanging on right now,” said Steve Wamhoff, federal policy director at the left-leaning Institute ...

Renters also have significantly less wealth than their home-owning peers, and nearly 1 in 4 senior renters in New ...

The Republican megabill now before the Senate cuts taxes for high earners and reduces benefits for the poor. If it’s enacted, ...

According to the Institute on Taxation and Economic Policy, the highest-earning 20% of Americans will receive 69% of the bill’s ...

In Colorado, sales and property taxes make up the most of payments by undocumented immigrants. Due to ineligibility for ...

Rhode Island’s tax structure is regressive. According to the Institute on Taxation and Economic Policy, the top 1 percent ...

President Donald Trump campaigned on getting undocumented migrants who had committed crimes deported. But that doesn’t appear to be ...

That phrasing is “pretty clear” in its meaning that only loans on new cars are eligible for the tax deduction, said Matt Gardner, senior fellow at the Institute on Taxation and Economic Policy.