Federal Tax | Center on Budget and Policy Priorities

Federal Tax

Personal Taxes

Business Taxes

Working Family Tax Credits

Tax Reform

Report

American Rescue Plan Act Includes Critical Expansions of Child Tax Credit and EITC

March 12, 2021 | Chuck Marr, Kris Cox, Stephanie Hingtgen, Katie Windham and Arloc Sherman

Making the full Child Tax Credit available to all children except those with the highest incomes and making an expanded Earned Income Tax Credit available to far more low-paid workers will result in historic reductions of child poverty and provide timely income support for millions of people.

American Rescue Plan Act Provides Critical, Permanent Tax Relief to Puerto Rico

April 16, 2021

Report

Benefits of Expanding Child Tax Credit Outweigh Small Employment Effects

March 1, 2021

Blog

The Expanded Child Tax Credit Must Be Permanent and Monthly

April 15, 2021

Report

Biden Proposals Would Reduce Large Tax Advantages for Those at the Top, Address Tax Gap

May 11, 2021 | Chuck Marr, Samantha Jacoby, George Fenton and Sam Washington

Report

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

April 13, 2021 | Chuck Marr, Sam Washington, Samantha Jacoby and David Reich

Resource List

Stimulus Payments Outreach Research

Report

Corporate Rate Increase Would Make Taxes Fairer, Help Fund Equitable Recovery

April 5, 2021 | Chuck Marr, Samantha Jacoby, George Fenton and Sam Washington

Resource List

Tax Reform Briefs: 2017 Tax Law is Fundamentally Flawed

Fact Sheets

State Fact Sheets: The Earned Income and Child Tax Credits

September 14, 2016

The Center’s EITC Outreach Campaign

New on this Topic

Report

Biden Proposals Would Reduce Large Tax Advantages for Those at the Top, Address Tax Gap

May 11, 2021

Statement

Parrott: President’s Recovery Agenda Is an Ambitious Plan to Tackle Big Problems

May 7, 2021

Blog

IRS Needs Authority to Regulate Tax Return Preparers

May 5, 2021

Fact Sheet

Rescue Plan’s Expansions of Earned Income Tax Credit, Child Tax Credit Will Benefit Rural Residents

April 22, 2021

Report

Asking Wealthiest Households to Pay Fairer Amount in Tax Would Help Fund a More Equitable Recovery

April 22, 2021

Report

American Rescue Plan Act Provides Critical, Permanent Tax Relief to Puerto Rico

April 16, 2021

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.

Fiscal Stimulus

Federal Tax Expenditures

Video: Policy Basics: Where Do Our Federal Tax Dollars Go?

Federal Payroll Taxes

Where Do Federal Tax Revenues Come From?

Marginal and Average Tax Rates

Tax Exemptions, Deductions, and Credits

The Child Tax Credit

The Federal Estate Tax

The Earned Income Tax Credit

Where Do Our Federal Tax Dollars Go?

Experts

American Rescue Plan Act Includes Critical Expansions of Child Tax Credit and EITC

American Rescue Plan Act Provides Critical, Permanent Tax Relief to Puerto Rico

Benefits of Expanding Child Tax Credit Outweigh Small Employment Effects

The Expanded Child Tax Credit Must Be Permanent and Monthly

Biden Proposals Would Reduce Large Tax Advantages for Those at the Top, Address Tax Gap

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

Stimulus Payments Outreach Research

Corporate Rate Increase Would Make Taxes Fairer, Help Fund Equitable Recovery

Tax Reform Briefs: 2017 Tax Law is Fundamentally Flawed

State Fact Sheets: The Earned Income and Child Tax Credits

The Center’s EITC Outreach Campaign

New on this Topic

Biden Proposals Would Reduce Large Tax Advantages for Those at the Top, Address Tax Gap

Parrott: President’s Recovery Agenda Is an Ambitious Plan to Tackle Big Problems

IRS Needs Authority to Regulate Tax Return Preparers

Rescue Plan’s Expansions of Earned Income Tax Credit, Child Tax Credit Will Benefit Rural Residents

Asking Wealthiest Households to Pay Fairer Amount in Tax Would Help Fund a More Equitable Recovery

American Rescue Plan Act Provides Critical, Permanent Tax Relief to Puerto Rico

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

American Rescue Plan Act Includes Critical Expansions of Child Tax Credit and EITC

American Rescue Plan Act Will Help Millions and Bolster the Economy

Benefits of Expanding Child Tax Credit Outweigh Small Employment Effects

Earned Income Tax Credit Expansion Would Benefit American Indians and Alaska Natives

Roundup: Congressional Action on COVID Relief

House COVID Relief Bill Includes Critical Expansions of Child Tax Credit and EITC

Gaps in Economic Support for Non-Elderly Adults Without Children Continue to Leave Millions in Poverty, Data Show

Executive Summary: A Frayed and Fragmented System of Supports for Low-Income Adults Without Minor Children

This Year, EITC Awareness Is Even More Essential

Economic Security Programs Reduce Overall Poverty, Racial and Ethnic Inequities

New on this Topic

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.