Tax Reform - Internal Revenue Service
WEBSep 29, 2022 · Tax Reform. Provides information about changes to deductions, depreciation, expensing, credits, fringe benefits and other items that may affect your business. The IRS is working on implementing the Tax Cuts and Jobs Act (TCJA).
The coming fiscal cliff: A blueprint for tax reform in 2025 - Brookings
WEBSep 27, 2023 · There is much to be gained from approaching tax reform in 2025 with the goals of raising revenue, increasing progressivity, enhancing efficiency, and improving global cooperation.
10 Tax Reforms for Growth and Opportunity
WEBFeb 22, 2022 · Each of the reforms we consider here would help policymakers create a federal tax code that prioritizes economic growth and opportunity, creating the conditions for more investment, better jobs, higher real incomes, and improved standards of living.
Tax Reform Options for 2025 (and Beyond) | Tax Foundation
WEBMar 28, 2024 · The first reform is transformative and would support a larger economy while also increasing tax revenue. It includes a flat tax of 20 percent on individual income and a distributed profits tax of 20 percent (replacing current business tax rules), while also eliminating taxes at death and simplifying the treatment of capital gains.
IRS announces sweeping effort to restore fairness to tax system …
WEBIRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books.
2025 Tax Reform Options: Tax Cuts and Jobs Act Expirations - Tax Foundation
WEBMay 7, 2024 · If Congress fully extends the individual, estate, and business provisions, federal tax revenues would fall by more than $4 trillion on a conventional basis and by nearly $3.5 trillion on a dynamic basis over the coming decade; and without spending cuts, debt and deficits would increase.
Tax reform news - Internal Revenue Service
WEBGet the latest news about the Tax Cuts and Jobs Act. Here you’ll find tax reform news releases, fact sheets, statements and much more.
Tracking The Latest On The House Tax Reform Plan - Forbes
WEBFeb 21, 2024 · The U.S. Congress is advancing tax legislation. Well, at least the House is. On January 31 the House passed the Tax Relief for American Families and Workers Act with overwhelming bipartisan...
FACT SHEET: The Build Back Better Agenda Will Provide Greater Tax ...
WEBAug 19, 2021 · President Biden has laid out a comprehensive tax reform plan to level the playing field, address the concerns of small business owners, and raise revenue that will help pay for new programs for...
President Biden signs major reconciliation tax bill
WEBIntroduction. Corporate alternative minimum tax (CAMT) Excise tax on corporate stock buybacks. IRS funding. Superfund. R&D credit. Energy provisions. Next steps. President Joe Biden signed into law Aug. 16 a sweeping tax reconciliation bill with more than $450 billion in tax increases and $260 billion in energy tax incentives.