We estimate the OBBBA will reduce federal taxes on average for individual taxpayers in every state. Across all individual tax filers throughout the US, the average tax cut per taxpayer will be over $3,700 in 2026.| Tax Foundation
Our experts explain how this major tax legislation may affect you and how policymakers can better improve the tax code.| Tax Foundation
A $20 billion drop in charitable giving in the first year of the 2017 Tax Cuts and Jobs Act’s (TCJA) implementation was caused by the law’s change to the standard deduction for individual income taxes, a new study published today in NBER finds. The research provides the first available estimates for the dollar amount of TCJA’s impact on giving.| Lilly Family School of Philanthropy