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Table 13. Taxable Direct Payment Bonds Allowed Under the American Recovery and Reinvestment Act (ARRA), by Bond Purpose and Size of Entire Issue, 2010 [Money amounts are in millions of dollars, except for size of entire issue, which is in whole dollars]

The Tax Cuts and Jobs Act (TCJA) included many new and revised provisions. The IRS is conducting a survey of randomly-selected business taxpayers to learn about the costs they incurred to learn about and comply with new requirements and/or claim new benefits included in the law.

The Fiscal Year (FY) 2022 personnel and compensated benefits amount for FY 2022 erroneously omitted $300,000 in regulatory costs charged to the appropriations received through the No Surprises Act (P.L. 116-260). The corrected amount and related totals are now included in the revised table.

Snapshot page for municipal bonds, study year 2009. Includes summary data for tax-exempt private activity and Governmental bonds, as well as tax credit bonds and direct payment Build America Bonds and Recovery Zone Economic Development Bonds introduced as part of the American Recovery and Reinvestment Act of 2009 (ARRA).

The Tax Cuts and Jobs Act of 2017 (P.L.115-97) added new section 59A (Tax on Base Erosion Payments of Taxpayers with Substantial Gross Receipts), which applies to large corporations that have the ability to reduce U.S. tax liabilities by making deductible payments to foreign related parties. This page contains statistics on the filings of Forms 8991, 8992, and 8993.

This survey is an important project that can benefit the administration of your retirement plan. We are conducting a survey of randomly selected retirement plans to learn more about ways to improve the reporting and disclosure requirements of retirement plans. Your answers will help us find ways to consolidate, simplify, and improve the reporting and disclosure requirements of retirement plans under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code.

This section contains data by fiscal year for excise taxes levied on the manufacture, sale, or consumption of commodities as well as certain activities. Affordable Care Act (ACA) taxes and fees are included beginning with fiscal year 2010, depending upon the provision. The data include amounts reported to or collected by the Internal Revenue Service, the Alcohol and Tobacco Tax and Trade Bureau, and the Customs Service. Additionally, this section includes data for excise taxes on certain activities conducted by private foundations, charities, and split-interest trusts.

The goal of this article is to help customers, who use individual tax data published in Statistics of Income¡¯s annual publications, separate the data collected from tax returns filed by dependents (dependent returns) from the data collected from all individual tax returns.1 Prior to the Tax Reform Act of 1986 (TRA86), all taxpayers received the benefit of taking a personal exemption, including those claimed as a dependent on another person¡¯s tax return. Separating tax returns filed by dependents from all returns claiming a personal exemption would be difficult to determine for years prior to TRA86. For that reason, the figures and tables in this article include only post-1986 tax data.

This paper estimates the e¡ìect of tax credits on college outcomes. I ?rst study e¡ìects of college tax credits such as the American Opportunity Tax Credit (AOTC) on child outcomes using changes in bene?ts at adjusted gross income (AGI) phase-outs combined with the sudden expansion of credits in 2009 under the American Recovery and Reinvestment Act. I ?nd that college tax credits have at most small e¡ìects on college enrollment for children from middle- and high-income families relative to the large e¡ìects found in the ?nancial aid literature. I also study e¡ìects of income tax credits received by parents of adolescents in two ways. I ?rst examine e¡ìects of anticipated income variation using nonlinearities in Earned Income Tax Credit (EITC) eligibility with respect to AGI. I ?nd no discernable impact of anticipated income on college enrollment, but cannot reject impacts predicted by prior research. I then examine e¡ìects of large, unanticipated income changes at other points in the AGI distribution by exploiting variation in the timing of parental layo¡ìs around childrens¨ª ages of college entry. Unanticipated income losses generate signi?cant, small negative e¡ìects on child college enrollment, quality, and other outcomes. Results suggest that income transfers to parents of adolescent children, and the insurance provided by progressive income taxation during these child ages, have at most small impacts on child college outcomes, especially for low-income children.

The numbers shown in the tables on this page reflect advance CTC payments disbursed during 2021 to eligible recipients based on taxpayer account information. In these tables, payments refer to the number of primary payment recipients that received one or more advance CTC payment during 2021. These tables include payments issued in each monthly payment wave, as well as any payments made outside of the monthly payment, such as replacements for undeliverable payments. If a tax unit filed a joint return and each spouse received part of a payment, then these tables count that as a single payment, and the dollar amounts of the partial payments to the spouses are added together.