The Latest Breaking News from the Tax Policy Center

The IRS predicts these tax breaks may change take-home pay in 2026. Will you get over $1,000 in tax savings?

Here's a list of federal tax deductions and credits that you can't claim in the 2026 tax year. Plus, high-income earners could get hit by a 'surprise' tax bill.

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

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

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.