The Latest Breaking News from the Tax Policy Center

One think tank estimates that, on average, Americans’ taxes would rise about 7.5 percent if the 2017 tax cuts are allowed to fully expire.

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

How many of the extended TCJA provisions in the so-called 'One Big Beautiful Bill' (OBBB) will impact your wallet?

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.

Fact checking the second night of the 2024 Democratic National Convention

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

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.