Tax Credits
- Report
The Effects of Pandemic-Related Legislation on Output
By providing financial support to households, businesses, and state and local governments, federal laws enacted in response to the 2020 coronavirus pandemic will offset part of the deterioration in economic conditions brought about by the pandemic.
- Report
How Dependents Affect Federal Income Taxes
CBO examines the tax benefit of having dependents under current law in 2019 and 2026 and analyzes how three policy options that would simplify dependent-related tax provisions would affect that benefit.
- Report
Projected Changes in the Distribution of Household Income, 2016 to 2021
This report projects the distributions of household income, means-tested transfers, and federal taxes under current law in 2021 and compares them with the actual distributions in 2016.
- Cost Estimate
H.R. 1922, Restoring Access to Medication Act of 2019
As ordered reported by the House Committee on Ways and Means on October 23, 2019
- Cost Estimate
H.R. 4716, Inhaler Coverage and Access Now Act of 2019
As ordered reported by the House Committee on Ways and Means on October 23, 2019
- Cost Estimate
H.R. 3301, Taxpayer Certainty and Disaster Tax Relief Act of 2019
As ordered reported by the House Committee on Ways and Means on June 20, 2019
- Report
The Distribution of Household Income, 2016
In 2016, average household income before accounting for means-tested transfers and federal taxes was $21,000 for the lowest quintile and $291,000 for the highest quintile. After transfers and taxes, those averages were $35,000 and $214,000.
- Report
The Effects on Employment and Family Income of Increasing the Federal Minimum Wage
The federal minimum wage is $7.25 per hour for most workers. In this report, CBO examines how increasing the federal minimum wage to $10, $12, or $15 per hour by 2025 would affect employment and family income.
- Presentation
How Income Growth Affects Tax Revenues in CBO’s Long-Term Budget Projections
CBO projects that federal revenues will increase by 3 percent of GDP over the next 30 years. Real bracket creep—when people’s income rises faster than the tax brackets and other elements of the tax system—accounts for about half of that increase.
- Presentation
Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029 in 12 Slides
CBO and JCT project that federal subsidies, taxes, and penalties associated with health insurance coverage for people under age 65 will result in a net subsidy from the federal government of $737 billion in 2019 and $1.3 trillion in 2029.