Tax Breaks for Those Who Need It Least: 3 New Policy Briefs to Make State Income Tax Smarter


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The Institute on Taxation and Economic Policy (ITEP) offers a series of Policy Briefs designed to provide a quick introduction to basic tax policy ideas that are important to understanding current debates at the state and federal level. This week, ITEP released new and updated Briefs that explore three costly and poorly-targeted state personal income tax giveaways: itemized deductions, capital gains exemptions, and special tax breaks for older adults. The Briefs offer several recommendations for reforming these breaks to achieve fairer and more sustainable state tax systems.

 

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