See below to learn more about our model estimates of legislative proposals, our Briefing Book — the encyclopedia of taxes — and our state fiscal data repository.

The Urban-Brookings Tax Policy Center aims to improve tax and fiscal policy decision-making by producing independent, timely, and accessible analysis. We are best known for our microsimulation model, which predicts how a policy proposal will affect people of different income levels, ages, and with ...

The Urban-Brookings Tax Policy Center produces independent, timely, and accessible analyses of current and longer-term tax issues. Our goal is to help the public, the media, and policymakers make informed decisions about critical fiscal issues and support better policy outcomes.

Expansions to the Child Tax Credit (CTC) are among many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) scheduled to expire at the end of 2025. If Congress does nothing, the credit will be cut in half, among other changes. As the TCJA deadline looms, the CTC could become a top priority to policymakers interested in decreasing child poverty.

A major rewrite of the federal tax code awaits the winners of the upcoming 2024 elections. Unless Congress passes new legislation, the 2017 Tax Cuts and Jobs Act (TCJA) individual income and estate tax provisions will expire after 2025. Lawmakers may also seek to alter business tax deductions made less generous by the TCJA to offset the cost of the original bill.

2024年12月19日 · Next year, nearly all of the individual provisions of the 2017 Tax Cuts and Jobs Act (TCJA) will expire unless Congress acts. Congressional scorekeepers have estimated that fully extending the TCJA would cost $4.6 trillion over ten years. The Tax Policy Center has shown that, on average, all income groups would get a tax cut relative to current law, but higher-income households would receive a ...

Our Statistics page provides tax information for citizens, policy analysts, legislators, and the press. Data are compiled from a variety of sources, including the Urban Institute, Brookings Institution, Internal Revenue Service, the Joint Committee on Taxation, the Congressional Budget Office, the Department of the Treasury, the Federation of Tax Administrators, and the Organization for ...

2024年1月19日 · Legislation to temporarily enhance certain business tax deductions and the child tax credit (CTC) would boost after-tax incomes for households by an average of $160 in 2023, with more noticeable tax cuts at both the top and bottom of the income distribution, according to a new Tax Policy Center analysis.. The Tax Relief For American Families And Workers Act of 2024 would alter business tax ...

2024年6月13日 · Alternative minimum tax (AMT) Capital gains and dividends Charitable giving Child tax credit (CTC)/Child and dependent care tax credit (CDCTC) Consumption taxes (individual) Earned income tax credit (EITC) Education Estate, gift, and inheritance taxes Health care High-income households Homeownership Income tax (individual) Low-income households Marriage penalties and bonuses Medicare Payroll ...

US to apply tariffs to steel and aluminum shipped from Mexico but made elsewhere. The Biden administration announced the tariffs this week, which aim to prevent China from avoiding levies by routing their goods through other trading partners. For materials crossing the southern border, there will be a 25 percent tariff on steel not melted or poured in Mexico and a …