Form 1040 (Schedule 8812) for St. Petersburg Florida 2024-2025

Form 1040 (Schedule 8812) for St. Petersburg Florida: What You Should Know

Citizens for Tax Justice Citizens for Tax Justice (CTV) is a consumer advocacy organization dedicated to improving the fairness, transparency, and predictability of the tax system. They are also fighting to create a more robust tax code, with lower rates that reward hard work and provide the resources necessary to invest in families and neighborhoods. CTF was designated as a tax special interest group by the Center for Effective Government. CTV recommends that voters and state legislators support tax reform to lower marginal rates, consolidate the income tax, and reduce the deficit. It promotes tax reform that makes the tax system fairer and simpler to understand and use. As the nation's leading organization of citizens working to eliminate tax loopholes and increase pay audits, CTF's policy priorities are: Tax Reform — Eliminate unfair loopholes; increase the minimum tax; increase the estate tax rate; eliminate tax breaks for large estates; reduce deductions; repeal or reform the Alternative Minimum Tax; eliminate tax credits for corporations that ship jobs overseas and provide an incentive for corporations to invest outside this country and hire American workers; eliminate tax loopholes for “pass-through” income. Tax Rates and Brackets — Lower marginal tax rates to: 10%, 14%, 22%, 24%, 33%, 35% and 37%; eliminate tax expenditures; change how the tax code provides credits for small businesses and reduce the tax exclusion for walk-throughs; increase the capital gains tax rate to 20% (this is much lower than high income taxpayers currently pay); close the carried interest loophole — this makes corporations pay their fair share of taxes. Tax Relief for the Middle Class — Provide full refund ability for all tax cuts and simplify the code. Public Citizen. Public Citizen helps people organize and win at the city and state levels. Through a network of 20,000 advocates, they help achieve more, hold government accountable, and build a stronger democracy. Tax Center The Tax Center is the leading nonprofit advocacy organization that works with Congress to pass tax laws that achieve fairness for all taxpayers and reduce tax burdens for individuals, families, and businesses. We accomplish this through education, research, and public opinion. This publication provides a summary of the Tax Center's work and information about their legislative agenda.

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