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Posts on Federal Tax
June 30, 2020

Policymakers gave the IRS additional funds in the CARES Act of March, acknowledging that the agency is playing a critical role in responding to today’s economic crisis by delivering ...

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June 29, 2020

Some policymakers are considering whether to make certain business tax credits temporarily refundable — that is, available to firms that don’t have enough taxable income to otherwise qualify — saying that would give cash to struggling small...

Research Credits Mainly Benefit Large Corporations
April 28, 2020

IRS workers deserve tremendous credit for delivering — in just weeks — 88 million stimulus payments during a pandemic. But the IRS’ challenges in doing so make clear that years of ill-advised funding cuts have left the agency understaffed and technologically out of date. Those challenges should serve as a wake-up call to policymakers on the importance of investing in core government functions...

IRS Has Far Fewer Resources Than in Responding to Great Recession
April 21, 2020

Roughly 1 million children may miss out this year on the $500 stimulus payment their parents or guardians are supposed to receive if the parents or guardians don’t complete an online IRS form under an unreasonable deadline, with 600,000 of these children at risk if the form is not filed by noon tomorrow, April 22. This deadline is unreasonable and unnecessary.

The Treasury Department...

Dollar Bill
April 3, 2020

Here are the CBPP statements, papers, blog posts, and tweet threads to date on issues raised by the COVID-19 pandemic; we’ll update this list as we issue more analyses.

Patient in Hospital
April 2, 2020

April 3, 2020: We’ve updated this post.

It’s welcome news that Treasury and the IRS will use the authority that Congress gave them to automatically provide stimulus payments to Social Security and railroad retirement beneficiaries who do not usually file a tax return, instead of making them file one. It’s imperative that they do the same for some 3 million very low-income...

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Senior Director of Federal Tax Policy

March 21, 2020

Lawmakers must not only make low- and moderate-income people eligible for the full payments; they must also ensure that the government delivers the payments without imposing new requirements on individuals to file tax returns or fill out and submit other complex paperwork.

Capitol Dome
March 20, 2020

Amid the frenzy in Washington to enact broad stimulus legislation, Senate Republicans are also proposing to address a tax issue that far predates the current economic emergency: an error in the 2017 tax law that affects the restaurant and retail industries. If policymakers plan to help retailers and restaurant owners by fixing the error — and including the fix in the emerging stimulus...

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Senior Director of Federal Tax Policy

March 11, 2020

The already overburdened IRS “may face challenges ensuring compliance” with certain parts of the 2017 tax law, a Government Accountability Office (GAO) report finds, particularly the 20 percent deduction for certain “pass-through” business income. That’s one more reason why policymakers should boost funding for IRS enforcement and...

Form 1040 And Refund Check
March 10, 2020

Direct, immediate stimulus payments would do far more to reduce immediate hardship and buttress an economy that faces serious risk.

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