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Washington Matters

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‘Back to the Old Days’? What’s Wrong With Trump’s Plan to Abolish Income Tax

Tax Policy The likelihood of Trump eliminating income tax and the IRS remains low, but the ongoing debate highlights the need for tax reform.

Should Tax on Tips Stay or Go Under Trump?

Income Tax As the No Tax on Tips Act gains momentum, economists warn of potential pitfalls. Will not taxing tips help or hurt workers?

By Kelley R. Taylor

Income Tax
The TCJA May Help Nonprofits Next Year: Here’s Why

Tax Law A potential TCJA extension could help nonprofits. But is it enough to keep up with inflation?

By Kate Schubel

Tax Law
Will the Election Impact the EV Tax Credit?

Tax Credits It’s no secret electric vehicles have become a bit of a political issue. But what does that mean for your EV tax break?

By Kate Schubel

Tax Credits

Unrealized Gains Tax: One Important Thing to Know Now

Capital Gains Unrealized capital gains have taken center stage in election discussions about tax fairness and economic policy.

By Kelley R. Taylor

Capital Gains
Election 2024 Childcare Debate: Harris-Walz vs. Trump-Vance Plans

Election As Election Day approaches, the Republican and Democratic tickets present different ideas for childcare and family tax credits. Here's what to know.

By Gabriella Cruz-Martínez

Election
Will EVs Drive the Vote in Election 2024 Swing States?

Tax Credits Electric vehicle tax credits have somehow become controversial. So car buyer attitudes in swing states might make a difference.

By Kate Schubel

Tax Credits

IRS Skirts TikTok Ban to Sniff Out Tax Scammers

Tax Scams Social media scams caused thousands to file inaccurate returns. What does that have to do with TikTok?

By Kate Schubel

Tax Scams
Kamala Harris Calls for 28% Capital Gains Tax, Diverging from Higher Biden Rate

Capital Gains Capital gains tax rates are an important issue for some voters in the upcoming November election.

By Kelley R. Taylor

Capital Gains
How Trump and Harris Might Handle Expiring TCJA Tax Cuts

Election 2024 Many key provisions of the TCJA will expire soon. Here’s why it matters during the 2024 election cycle.

By Gabriella Cruz-Martínez

Election 2024

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