Federal Tax

Personal Taxes Business Taxes Tax Credits for Individuals and Families IRS Funding and Tax Compliance

Report

President Biden’s Budget Charts a Needed Course Correction as 2025 Tax Debate Begins

March 29, 2023 | Chuck Marr and Samantha Jacoby

A high-stakes tax debate will begin this year, accelerate through the presidential campaign, and likely culminate with legislative action in 2025.

After Decades of Costly, Regressive, and Ineffective Tax Cuts, a New Course Is Needed

May 17, 2023

Chart Book

The Need to Rebuild the Depleted IRS

December 16, 2022

Blog

2025 Tax Debate Begins, Offers Opportunity for Course Correction

March 7, 2023

Report

Robust COVID Relief Bolstered Economy and Reduced Hardship for Millions

March 6, 2023 | CBPP

Report

Rebuilding IRS Would Reduce Tax Gap, Help Replenish Depleted Revenue Base

December 16, 2022 | Chuck Marr, Sam Washington, Samantha Jacoby and David Reich

Report

International Tax Reform Proposals Would Limit Overseas Profit Shifting, End “Race to the Bottom”

July 11, 2022 | Samantha Jacoby

Blog

Added IRS Funding Would Help Ensure High-Income Households, Businesses Pay Their Taxes

August 12, 2022 | Samantha Jacoby

Report

Corporate Lobbying Campaign Against Biden Tax Proposals Is Inaccurate, Unpersuasive

September 10, 2021 | Chuck Marr and George Fenton

Report

Reducing the Tax Gap: 5 Key Points on Information Reporting

September 14, 2021 | Chuck Marr and Samantha Jacoby

The Center’s EITC Outreach Campaign

New on this Topic

Blog

Roundup: Analyzing House Republicans’ Harmful Debt-Ceiling-and-Cuts Bill

May 9, 2023

Report

McCarthy Bill Uses Debt Ceiling to Force Harmful Policies, Deep Cuts

April 24, 2023

Blog

Tax Day Is Approaching: 5 Facts to Know

April 13, 2023

Blog

Ahead of Tax Day, Highlighting Progress and Next Steps for a Rebuilding IRS

April 12, 2023

Statement

President Biden’s 2024 Budget Moves Us Toward Nation Where Everyone Can Thrive

March 9, 2023

Blog

House Republican Rules Package Designed to Enable Skewed Priorities

January 11, 2023

Policy Basics

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.

We analyze major tax proposals, examining their likely impact on the economy, on the nation’s fiscal health, and on the government’s ability to address critical national needs, especially over the long term. We also examine the impact of tax proposals on households at different income levels.

El crédito tributario por hijos

Federal Payroll Taxes

Federal Tax Expenditures

Fiscal Stimulus

Marginal and Average Tax Rates

Tax Exemptions, Deductions, and Credits

The Child Tax Credit

The Earned Income Tax Credit

The Federal Estate Tax

Where Do Federal Tax Revenues Come From?

Where Do Our Federal Tax Dollars Go?

View All Policy Basics

Experts

House GOP’s First Bill: A Misleading Gambit to Protect Interests of Wealthy Tax Cheats

The debate should focus on one accurate and alarming number: the IRS has 2,284 fewer skilled auditors to handle the sophisticated returns of wealthy taxpayers than it did in...

El crédito tributario por hijos

Ayuda para las familias de bajos recursosAntes del Plan de Rescate y bajo la ley actual, el valor del crédito tributario por hijos para las familias de bajos recursos aumenta con los ingresos de...

Important Investments, Significant Disappointments in Year-End Legislation

Finalizing a year-end omnibus bill is an important accomplishment for Congress, and the bipartisan bill released today includes several key investments, including significant, permanent advances...

Corporate Lobby’s New Math Doesn’t Add Up for Kids

If year-end legislation must include the corporate tax breaks alongside the Child Tax Credit expansion, then a fair package should accurately portray how both corporations and children would fare...

Success of the IRS Rebuilding and Tax Gap Reduction Effort Depends on Sufficient Funding Through Annual Appropriations

Earlier this year policymakers took step one in a two-step funding process designed to rebuild the IRS with the goals of improving customer service and reducing the tax gap, by enacting $80 billion...

Child Tax Credit Expansion Is Especially Important to Rural Families

Under current law, an estimated 3 million children living in rural areas are left out of the full $2,000 Child Tax Credit because their families’ incomes are too low. Rural communities would...

Ellie Blachman

Communications Assistant

Year-End Tax Policy Priority: Expand the Child Tax Credit for the 19 Million Children Who Receive Less Than the Full Credit

Policymakers should not enact any year-end corporate tax breaks without expanding the Child Tax...

Un llamado hacia la ampliación del crédito tributario por niños o menores dependientes para que llegue a más familias hispanas

Los legisladores deberían hacer posible que el crédito esté completamente disponible para las familias sin ingresos o de bajos ingresos en un año dado — esto se conoce a menudo como...

A Call to Expand the Child Tax Credit to Reach More Hispanic Families

Hispanic Heritage Month is an annual celebration to honor the history, culture, and contributions of the Hispanic community.[1] Hispanic people make up the nation’s second largest racial or ethnic...

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Policy Basics

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.

Experts

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.