Taxes

Blog July 24, 2024October 30, 2024 Where Does Kamala Harris Stand on Taxes? While both President Biden and Vice President Harris aim their proposed tax hikes on businesses and high earners, key differences between their tax ideas in the past reveal where Harris may take her tax policy platform in the 2024 campaign. 6 min

Spain’s Poorly Designed Tax Policy Hurts Its Competitiveness Skip to content Home • Blog • Spain’s Poorly Designed Tax Policy Hurts Its Competitiveness Spain’s central government could learn some valuable lessons from its regional governments and other European countries about sound taxA tax is a mandatory payment or charge collected by local, state, and national

How Will the Trump Tariffs Impact the US Economy? Skip to content Home • Blog • How Will Trump’s Universal and China Tariffs Impact the Economy? President-elect Trump has promised to impose steep new taxes on trade, including a 10-20 percent tariff on all imports, at least a 60 percent tariffTariffs are taxes imposed by

You might receive Form 1099-S this year if you sold a house, some land, or another piece of property. But what does this form mean for your income tax return? Don’t worry — we’ll walk you through everything you need to know about this form, why you got it, and how to easily e-file it.

Form 1099-QA is tied to your ABLE account, a tax-advantaged savings option for those with disabilities. If you’ve received a distribution from an ABLE account, also called an ABLE program, you’ll get Form 1099-QA. Here’s what this form means and how to report it on your tax return, if necessary. At a glance: Form 1099-QA

Form 1099-H was last used for tax year 2021 and was issued to people who received advance payments of the health coverage tax credit (HCTC) to help cover health insurance costs. Let’s break down exactly what this form was all about and how it impacted your income tax return. At a glance: Form 1099-H was

Trump Tariffs: Revenue Estimates | Tax Foundation Skip to content Home • Blog • Revenue Estimates of Trump’s Universal Baseline Tariffs President-elect Donald Trump has proposed to implement a universal baseline tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of

Updated for tax year 2024. It happens. You filed your tax return on time, and you planned to forget about taxes for another year … but you just discovered a mistake on your federal tax return. What do you do? Do you file a new return with the Internal Revenue Service and tell them to

US vs China Tax Policy | Tax Foundation Skip to content Home • Blog • What Sets the US and China Apart on Tax? Competition between the United States and China has become a central theme in American policy discussions, from recently enacted legislation like the CHIPS and Science Act to policy recommendations from the

Taxes in the Internet Age | TaxEDU Skip to content Home • Blog • Taxes in the Internet Age This is part of our educational blog series, “The Short Form,” to simplify taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs

Blog May 15, 2024May 29, 2024 America Should Learn from Successful Universal Savings Policy Across the Pond For U.S. policymakers looking to encourage greater saving and financial security, particularly among low- and moderate-income households facing serious affordability challenges, the experiences in both the UK and Canada indicate that universal savings accounts are an effective policy

Harris America Forward Tax Credits: Details & Analysis Skip to content Home • Blog • Harris’s America Forward Plan Should Cover Whole Economy, Not Just Favored Industries The Harris campaign has mostly proposed increasing taxes on businesses and high-income earners. However, the campaign’s new policy document adds a few proposals to reduce taxes on businesses,

Blog December 4, 2023June 20, 2024 Why Moore v. U.S. Won’t Get Us a Consumption Tax Base At first glance, a ruling for the plaintiffs in Moore might seem to solve some of the timing problems with the U.S. tax system. Unfortunately, upon greater inspection, such a ruling might create new timing problems. And the

2025 State Tax Competitiveness Index | Full Study Skip to content Table of Contents Launch Interactive Tool Preface to the New Edition The study before you, which has been published as the State Business TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

Presented by: Daniel Bunn Will McBride Erica York Sean Bray On November 5th, voters in the US will determine who will control the House of Representatives, the Senate, and the White House and select the leaders who will be in office to steer critical US tax policy decisions. With more than $4 trillion worth of

Eighteen of the 27 Member States of the European Union have implemented both the IIR and the QDMTT in 2024, while nine have not. Five EU Member States can opt for a six-year deferral of Pillar Two implementation, and all of them have done so, with Estonia, Latvia, Lithuania, and Malta deferring all rules until

Property Tax Relief & Reform Options | Tax Foundation Skip to content Table of Contents Key Findings Property values have skyrocketed in recent years, rising almost 27 percent faster than inflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of

Gary Robbins: Our Mentor in Tax Policy Skip to content Home • Blog • Tax Foundation Economists Mourn the Loss of Our Mentor in Tax Policy: Gary Robbins The best advances in life and society come from people willing to buck conventional wisdom. People willing to say, “what if?” and “why not?” At a time

Blog October 1, 2024 What Are the Tax Consequences of Rescheduling Marijuana? The Department of Justice (DOJ) recently announced that it would move to reschedule marijuana. This move doesn’t do as much for legal cannabis sales as proposed federal legislation like the States 2.0 Act, but rescheduling cannabis has major ramifications for cannabis businesses. 4