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The Latest Breaking News from the Tax Policy Center

Big GOP Tax Bill Could Change Your Estate Planning for 2025

The GOP might extend and increase the higher estate and gift tax exemption and AMT thresholds. What might this mean for your estate plan?

Here's How the Child Tax Credit Could Increase Under Trump

Here's How the Child Tax Credit Could Increase Under Trump

House Republicans released details on President Trump’s ‘one big, beautiful bill,’ including an increased child tax credit.

Trump Whiplashes U.S. Auto Stocks With Tariff Exemption

Trump Whiplashes U.S. Auto Stocks With Tariff Exemption

Trump announced Tuesday he wants to make interest payments on car loans tax deductible if the vehicle is made in the U.S.

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Can Tariffs Make Childcare Affordable?

President-elect Trump suggested tariffs can address the childcare crisis, but economists are doubtful.

Trump Tariff Plan: Which States Would Be Hit the Hardest?

Donald Trump's tariff policy would substantially increase prices in as many as 20 states.

The TCJA: Key Facts on the 2017 Tax Cuts and What's Next for 2025

How will a possible extension of expiring TCJA provisions impact your wallet?

Fact-checking Day 4 of the Democratic National Convention - Roll Call

The Democratic convention wrapped up with Vice President Kamala Harris’ speech accepting the party’s nomination for president. She made some misleading or unsupported claims about her opponent.

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Fact-checking Day 2 of the Democratic National Convention - Roll Call

Fact-checking Day 2 of the Democratic National Convention - Roll Call

Fact checking the second night of the 2024 Democratic National Convention

What's Wrong With Trump's Pledge to End Taxes on Social Security Benefits

What's Wrong With Trump's Pledge to End Taxes on Social Security Benefits

Eliminating taxes on Social Security benefits could impact your finances. Here's what you need to know.

States feel budget pinch amid darkening revenue projections

After two years of record tax collections, budget writers in some states are starting to feel a revenue pinch created by a slumping stock market, banking and tech layoffs, slower consumer spending and lower energy prices.

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