Higher fuel and food prices are on track to cost the average household over $1,300 by the end of the year.

Meta is claiming the research tax credit – a tax break meant to encourage innovation and experimentation – to pay for the equipment it uses in data centers to power its AI activities. ITEP described how Meta paid just 3.5% of its profits in federal corporate income taxes in 2025.

FPI's online calculator, powered by the Institute on Taxation and Economic Policy, shows how Amendment 3 would impact funding in your neighborhood.

Proposition 40, California’s proposed billionaire tax, is a one-time 5 percent levy that addresses a significant one-time emergency, namely the cuts made to the healthcare system by the so-called “One Big Beautiful Bill Act.”

Property taxes are the largest source of revenue for over half of the 50 largest cities, but to a lesser degree than for other local governments.

States across the nation are reckoning with their tightening fiscal futures as inflation and economic woes continue to eat into their budgets.

This new tool describes 28 ways the Commonwealth could generate substantial new revenue in a manner that would fall least heavily on people with the least ability to pay.

OBBBA’s expensing provision is becoming especially lucrative for the companies building out AI infrastructure right now. There is no evidence whatsoever that tax breaks are necessary to encourage their construction.

The Treasury Department has proposed a rule that would take away the refunded portion of certain tax credits from many individuals with lawful immigration status.

Nearly two-thirds of states (plus the District of Columbia and Puerto Rico) have an Earned Income Tax Credit. These credits boost low-paid workers’ incomes and offset some of the taxes they pay, helping working class families achieve greater economic security.

Sixteen states provide Child Tax Credits to reduce poverty, boost economic security, and invest in children. State lawmakers have several options to maximize the impact of Child Tax Credits.

The Institute on Taxation and Economic Policy ranks Arizona as having the 13th most regressive tax system in the country. Colorado ranks 39th.

The District’s property tax circuit breaker program (also known as “Schedule H”) allows low-income homeowners and renters to claim a property tax credit applied to the taxpayer’s income tax liability

ITEP Senior Analyst Sarah Austin appeared on the Oregon Center for Public Policy’s “Policy for the People” podcast, discussing tax policy choices that would ask more from working families instead of the wealthy.

TurboTax maker Intuit reported nearly $6 billion in U.S. profits in 2025 and paid no federal income tax. Instead, the company received a refund, thanks in part to new tax breaks from OBBBA.