Taxes

Sports Stadium Subsidies: Taxpayers Shoulder a Heavy Burden Skip to content Home • Blog • Taxpayers Shoulder a Heavy Burden for Sports Stadium Subsidies State and local governments spend significant sums for the construction, operation, and continued maintenance of sports stadiums and arenas. According to recent estimates by sports economists, “between 1970 and 2020 state

Louisiana Tax Reform Options to Boost Competitiveness Skip to content Home • Testimony • Pro-Growth Tax Reforms to Boost Competitiveness in Louisiana Note: The following is the testimony of Manish Bhatt, Senior Policy Analyst with the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Georgia Property Tax Exemption, Amendment 1 Skip to content Home • Blog • Georgia Amendment 1 Threatens the State’s Housing Market Georgia’s Local Option Homestead Property Tax ExemptionA tax exemption excludes certain income, revenue, or even taxpayers from tax altogether. For example, nonprofits that fulfill certain requirements are granted tax-exempt status by the Internal Revenue

Every year brings new tax law changes to keep American taxpayers on their toes, and 2024 is no different. From simple inflation updates to changes in Form 1099-K reporting requirements, here’s everything you need to know about 2024 tax changes before you file your income tax return. At a glance: The standard deduction has increased,

Corporate Tax Rates by State under Kamala Harris Tax Plan Skip to content Home • Blog • Combined Corporate Rates Would Exceed 30 Percent in Most States Under Harris’s Tax Plan Vice President Kamala Harris’s proposal to raise the federal corporate income taxA corporate income tax (CIT) is levied by federal and state governments on

Updated for tax year 2024. Do you currently have adult children who are not your dependents living under your roof? If you are supporting adult children, or even giving them a helping hand now and then, you’re not alone. In today’s tough job market, getting a good career started can take a little longer than

2024 Spanish Regional Tax Competitiveness Index Skip to content Table of Contents Below is an excerpt of the 2024 Spanish Regional Tax Competitiveness Index (RTCI), a recent report published in collaboration with Fundación para el Avance de la Libertad. Click the link above to download the full report in Spanish. Executive Summary The Regional TaxA

Updated for tax year 2024. Do you dread income tax time every year? We get it. But there are some things that can make the tax filing process a little easier to swallow — tax refunds, credits, and deductions. Tax savings opportunities From advantages for solo tax filers to charitable donations, the tax code offers

Rescheduling Marijuana: Tax Consequences | Tax Foundation Skip to content Home • Blog • What Are the Tax Consequences of Rescheduling Marijuana? The Department of Justice (DOJ) recently announced that it would move to reschedule marijuana. This move doesn’t do as much for legal cannabis sales as proposed federal legislation like the States 2.0 Act,

If you’ve received a 1099-LTC tax form this tax year, it’s likely because you were paid long-term care benefits or accelerated death benefits, and the Internal Revenue Service (IRS) wants to know about it. While these benefits aren’t always taxable, it’s important to understand what this form means. Let’s break down what’s on the form,

Why the Economic Effects of Taxes (Including Tariffs) Matter Skip to content Home • Blog • Why the Economic Effects of Taxes (Including Tariffs) Matter Policymakers have many ways to impose taxes and raise revenue, and each type of taxA tax is a mandatory payment or charge collected by local, state, and national governments from

So, you just received Form 1099-MISC for the tax year, and you’re wondering what on earth miscellaneous income is. We get it — let’s break down what this form means, why you received it, the filing requirements, and how to report it on your federal income tax return. At a glance: Form 1099-MISC reports miscellaneous