When the Senate added a new corporate minimum tax to the Inflation Reduction Act (IRA), it almost added a clarification that private equity is a...

Industrial policy is trending. At a time when few policy ideas win bipartisan support, government subsidies for favored industries are feeling the love from Democrats...

It’s always tempting to exaggerate the importance of the latest big fight in Congress. The Inflation Reduction Act of 2022 (IRA) made some major policy...

Starting in 2018, the Tax Cuts and Jobs Act of 2017 (TCJA) dramatically raised the standard deduction, reducing the number of filers who reported their...

Since 2002, teachers have been able to claim a modest educator expense deduction on their federal income tax returns. But is this tax benefit worth keeping?

Understanding how the Inflation Reduction Act (IRA) will affect the Internal Revenue Service’s operations requires wading through a swamp of misinformation, disinformation, and no information...

The New York Times reported that Chicago businessman Barre Seid donated his entire business, tax free, to the Marble Freedom Trust, a tax-exempt advocacy organization...

Immigrant parents were less likely to have heard about the 2021 expanded child tax credit (CTC) than parents who were born in the United States,...

President Biden announced plans to forgive $10,000 in student debt for all borrowers with below $125,000 in annual income ($250,000 for couples), while Pell Grant...

President Biden and congressional Democrats won a big policy battle when Congress enacted the Inflation Reduction Act (IRA), despite unanimous Republican opposition. But who will...