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The Latest Breaking News from the Tax Policy Center

4 Themes of Trump’s First Year of His Second Term — And What They Meant for Your Money

Here are four overriding financial themes from President Donald Trump's first year back in office and what they mean for many Americans.

GOBankingRates

This Group Will Likely Benefit the Most From Tax Breaks in 2026

The passage of the OBBBA made Trump's tax break promises a reality. While many taxpayers will realize benefits, one group is more likely do so more than others.

GOBankingRates

Three Critical Tax Changes Could Boost Your Paycheck in 2026

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

Kiplinger

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

Kiplinger

Trump warns of 68% tax hike if budget bill fails. Not true, say experts

Think tanks say the tax might rise by 7.5 percent if the ‘Big Beautiful Bill’ does not pass, rejecting Trump’s claims.

Al Jazeera

Explaining Trump’s claim of a ‘68 percent’ tax increase - Roll Call

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.

Roll Call

Big GOP Tax Bill Could Change Your Estate Planning for 2025

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

Kiplinger

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Here's How the Child Tax Credit 2025 Amount Will Increase Under Trump

President Trump’s ‘One Big, Beautiful Bill’ changes the federal child tax credit. Here's how.

Kiplinger

Can Tariffs Make Childcare Affordable?

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

Kiplinger

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.

Kiplinger

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

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

Kiplinger

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.

Roll Call

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

Fact checking the second night of the 2024 Democratic National Convention

Roll Call

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.

Kiplinger

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Tribune News Service

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.

People

Michelle Lujan Grisham

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the Tax Policy Center

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