Using data from the Department of Education’s Federal Student Loan Portfolio and the 2019 Survey of Consumer Finances, we examine the effects of forgiveness on borrowers’ 2022 state tax liabilities.

For those residing in a handful of states, their state income tax bills might be several hundred dollars higher, and their state coffers several hundred million dollars richer.

As lawmakers consider making charitable tax benefits available to all taxpayers, they should focus on policy design that increases charitable contributions efficiently.

The tax provisions of the budget reconciliation bill assembled by the House Budget Committee add new notches while removing others.

Our web application allows any user to compare popular current proposals or choose the parameters of their own preferred custom CTC reform.

In this report, we analyze the budgetary, distributional, and incentive effects of current-law child tax benefits and evaluate recent proposals to further expand the child tax credit.

To supplement our analysis of Biden’s tax proposals, we have created a web application that allows users to explore how Biden’s tax plan would impact their federal tax liability.

Using the Tax-Calculator (3.0.0) microsimulation model, we estimate that Joe Biden’s proposals would raise federal revenue by 2.8 trillion dollars over the next decade (2021–30).