Taxes

Parts of TCJA are expiring soon—Here’s what that means for you Skip to content Home • Blog • The Short Form: Parts of the TCJA Are Expiring Soon—Here’s What That Means for You This is part of our educational blog series, “The Short Form,” to simplify tax issues and explore the world through the lens

Tim Scott Tax Plan: Details & Analysis | Tax Foundation Skip to content Home • Blog • Tim Scott Suspends 2024 Campaign but the Need for His Cost Recovery Tax Policies Remains In mid-November, U.S. Senator Tim Scott (R-SC) suspended his 2024 presidential campaign. Scott’s decision is a loss for taxpayers and people interested in

UK Full Expensing to Be Made Permanent | Tax Foundation Skip to content Home • Blog • Full Expensing to Be Made Permanent in the United Kingdom In his Autumn Statement released today, British Chancellor Jeremy Hunt announced that full expensingFull expensing allows businesses to immediately deduct the full cost of certain investments in new

State and Local Tax Collections Per Capita by State (FY 2021) Skip to content Table of Contents Contrary to initial expectations, the pandemic years were good for state and local taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general

OECD Tax Rankings: 2023 International Tax Competitiveness Index Skip to content Home • Blog • Movers and Shakers in the International Tax Competitiveness Index The 2023 version of the International Tax Competitiveness Index is the 10th edition of the report. Over the years, many different researchers at the TaxA tax is a mandatory payment or

Is EU VAT Compliance Actually Improving? Skip to content Home • Blog • Is EU VAT Compliance Actually Improving? According to the latest “VAT Gap” report published by the European Commission (EC), value-added tax (VAT)A Value-Added Tax (VAT) is a consumption tax assessed on the value added in each production stage of a good or

EU Tax Observatory’s Extreme View on the Global Minimum Tax | Tax Foundation Skip to content Home • Blog • Assessing the EU Tax Observatory’s View on Profit Shifting and the Global Minimum Tax Last month, the EU Tax Observatory released a report documenting “Global TaxA tax is a mandatory payment or charge collected by

Personal Saving, Retirement, and Taxes | Tax Foundation Skip to content Home • Blog • Dwindling Savings and Increasing Financial Stress Highlights Need for Tax Reforms As Americans consider their holiday plans, policymakers and economists have been focusing on the state of the U.S. economy and whether the bonanza of consumer spending over the past

2024 Tax Brackets and Federal Income Tax Rates | Tax Foundation Skip to content Table of Contents See 2023 Tax Brackets See 2022 Tax Brackets On a yearly basis, the Internal Revenue Service (IRS)The Internal Revenue Service (IRS) is part of the U.S. Department of the Treasury and is responsible for enforcing and administering federal

Carbon Tax Rankings: Matching Their Promise | Tax Foundation Skip to content Table of Contents Key Findings Carbon taxA carbon tax is levied on the carbon content of fossil fuels. The term can also refer to taxing other types of greenhouse gas emissions, such as methane. A carbon tax puts a price on those emissions

Taxes on Wireless Services: Cell Phone Tax Rates by State Skip to content Home • Data • State Taxes • Excise Taxes and Fees on Wireless Services Drop Slightly in 2023 Table of Contents Key Findings A typical American household with four phones on a “family share” plan paying $100 per month for taxA tax

Marketplace Facilitator Laws: Past, Present, and a Better Future Skip to content Table of Contents Key Findings For decades, Supreme Court precedent held that marketplace facilitators (remote sellers) were not subject to state and local sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to all final