Federal Individual Income Tax Brackets, Standard Deduction, and Personal Exemption: 1988 to 2025
This report tracks changes in federal individual income tax brackets, the standard deduction, and the personal exemption since 1988. All three tax items have been indexed for inflation since 1981. The...
Fishery Disaster Assistance
Oceanic conditions, climate, human activities, and weather events can affect fishery resources and commercial infrastructure, such as boats, shoreside processing, and ports. Congress authorized the Se...
Imports and the Section 321 (De Minimis) Exemption: Origins, Evolution, and Use
In 1938, Congress enacted Section 321(a)(2)(C) of the Tariff Act of 1930, (codified as amended at 19 U.S.C. §1321(a)(2)(C)) to authorize the Secretary of the Treasury to waive or reduce certain duties...