Tax Credits
- Report
Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029
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.
- Cost Estimate
H.R. 1957, Taxpayer First Act of 2019
As ordered reported by the House Committee on Ways and Means on April 2, 2019
- Cost Estimate
H.R. 1994, Setting Every Community Up for Retirement Enhancement Act of 2019
As ordered reported by the House Committee on Ways and Means on April 2, 2019
- Report
How CBO and JCT Analyzed Coverage Effects of New Rules for Association Health Plans and Short-Term Plans
This report describes the methods used to assess how the new rules would affect the number of people who obtain health insurance and the costs of federal subsidies for that coverage. It also provides details about those projected effects.
- Report
Marginal Federal Tax Rates on Labor Income: 1962 to 2028
In this report, CBO projects, on the basis of current law, marginal federal tax rates on labor income from 2018 through 2028. So that current trends can be understood in a historical context, the projections are accompanied by rates from 1962.
- Report
Options for Reducing the Deficit: 2019 to 2028
CBO periodically issues a volume of options—this year’s installment presents 121—that would decrease federal spending or increase federal revenues. CBO’s website allows users to filter options by topic, date, and other categories.
- Cost Estimate
H.R. 88, Retirement, Savings, and Other Tax Relief Act of 2018 and Taxpayer First Act of 2018
As amended by the House Committee on Rules on November 28, 2018
- Report
The Distribution of Household Income, 2015
In 2015, average household income before accounting for means-tested transfers and federal taxes was $20,000 for the lowest quintile and $292,000 for the highest quintile. After transfers and taxes, those averages were $33,000 and $215,000.
- Cost Estimate
H.R. 6760, Protecting Family and Small Business Tax Cuts Act of 2018
As reported by the House Committee on Ways and Means on September 24, 2018
- Cost Estimate
H.R. 6757, Family Savings Act of 2018
As ordered reported by the House Committee on Ways and Means on September 13, 2018