Taxes

Extending the Tax Cuts: Budgetary Impact Discussion Skip to content Home • Blog • All About That Base(line) If Congress does not act, taxes will rise for millions of Americans on January 1, 2026, as the individual provisions of the TaxA tax is a mandatory payment or charge collected by local, state, and national governments

Interstate Migration and Tax Competitiveness Skip to content Home • Blog • Tax Competitiveness and Interstate Migration Recently, we published our updated and rebranded State Tax Competitiveness Index (STCI), which measures how well states’ taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

Trump Tax Cuts, Tariffs, and Reconciliation | Tax Foundation Skip to content Home • Blog • Questions About Tax Cuts, Tariffs, and Reconciliation After the Election The clear election victory for Republicans means they will retake the White House, Senate, and (by a slim margin) the House next year, putting them in the driver’s seat

If Form 1099-SA showed up in your mailbox or inbox this year, don’t let it scare you. In this guide, we’ll break down what a 1099-SA form is, why you got it, and what you need to do next. By the end, you’ll know exactly how to report it on your income tax return and

How the Payroll Tax Base Has Changed Over Time Skip to content Home • Blog • How the Payroll Tax Base Has Changed Over Time The Social Security trust funds face looming insolvency if policymakers don’t reform the program. One issue that garners a lot of attention in the debate over solutions is the payroll

The IRS starts processing your income tax return as soon as they receive it. But how long does it take to receive your tax refund after processing begins? What is the IRS tax refund schedule for tax year 2024? The IRS generally processes e-filed returns and sends refunds to taxpayers in less than 21 days.

For dividends, Ireland’s top integrated tax rate was the highest among European OECD countries (57.1 percent), followed by Denmark (54.8 percent) and the United Kingdom (54.5 percent). Estonia (20 percent), Latvia (20 percent), and Hungary (22.7 percent) levy the lowest rates. Estonia and Latvia’s tax on distributed profits means that the corporate income tax is

Updated for tax year 2024. Starting a new business and keeping it going through its first year is an impressive accomplishment! When you file a federal income tax return for your business, the paperwork and forms the IRS requires you to use depends on your business entity and how your business is organized. Here’s how you’ll

Cigarette Taxes and Cigarette Smuggling by State, 2022 Skip to content Table of Contents Key Findings Excessive 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 government services, goods, and activities. rates on cigarettes induce substantial black and gray

If you sold a life insurance policy this year, you may receive Form 1099-SB. This tax form informs you and the Internal Revenue Service (IRS) about the sale or transfer of a life insurance contract. But what does this mean for your taxes? Let’s walk through what the 1099-SB form is, why you received it,

January 31, 2024September 26, 2024 The Impact of GILTI, FDII, and BEAT The Tax Cuts and Jobs Act of 2017 (TCJA) reformed the U.S. system for taxing international corporate income. Understanding the impact of TCJA’s international provisions thus far can help lawmakers consider how to approach international tax policy in the coming years. 30 min

Updated for tax year 2024.               Small business owners, it’s time to expand your holiday shopping list. In addition to buying gifts for loved ones, you can also make smart purchases for your business to help reduce your taxable income before the end of the year. Timing is everything for small business tax savings The end