State revenue forecasting has always been a complex task. Given these challenges, state forecasters tend to underestimate rather than overestimate revenues to avoid potentially severe...

If we care about who pays—or doesn’t pay—taxes and why, should becoming a tax-exempt organization be easy? Or should it be a bigger deal?

If the Court determines that “realization” is a Constitutional requirement, the decision would, at worst, threaten to gut the taxation of capital income. At best, it would require the Court to join Congress and the US Treasury Department in the endless game of whack-a-mole on tax shelters.

What The Supreme Court’s New Curbs On Regulatory Power Could Mean For Tax Law In a landmark ruling , the Supreme Court has given federal...

The dependent exemption, the earned income tax credit (EITC), and the child tax credit (CTC), supported at times by Republicans and Democrats alike, help bolster...

The Supreme Court upheld Congress’s taxing authority, at least for taxing undistributed corporate profits. But what about Congress’s authority to tax other unreceived profits, like unrealized capital gains or other capital income?

The Congressional Budget Office’s latest fiscal update is filled with terrifying numbers: The projected deficit for this fiscal year will hit 7 percent of Gross...

Former President Trump’s proposal to exempt all tips from federal tax would benefit few tipped workers and hurt many. Tax-free tips might help a relatively...

In a surprise move, New York’s Democratic Governor Kathy Hochul indefinitely delayed New York City’s first-in-the-nation congestion pricing plan on Wednesday. Lawmakers created the Central...

This spring the IRS received more than 139 million individual income tax returns. Those returns give filers the option to direct a few of their tax dollars to the Presidential Election Campaign Fund (PECF). Eligible presidential candidates can use the money to help cover qualified expenses of their political campaigns in both the primary and general elections. But many of us decline the option. Do we not need or want it anymore?