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The Deduction

The Deduction

Written by: Tax Foundation
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The Deduction is your guide to the complicated world of tax and economics. From the impacts of tariffs and trade wars to debates over who pays and how much, each episode, our experts untangle another aspect of the tax code. Listen to the leading tax podcast! Have a question for one of our experts, let us know here: https://taxfoundation.org/mailbag. Follow us on Twitter @deductionpod: https://twitter.com/deductionpod

© 2026 Tax Foundation
Economics Management Management & Leadership Political Science Politics & Government Science Social Sciences
Episodes
  • Is America Financially Illiterate? The Numbers Are Alarming
    Apr 28 2026

    Most Americans don't understand how the tax code works, and it's costing them. In this episode of The Deduction, host Kyle Hulehan sits down with Zoe Callaway, VP of Education at Tax Foundation, to talk about tax and financial literacy in America. They dig into the results of Tax Foundation's national survey on tax literacy, the most stubborn misconceptions people have about taxes (including one that nearly made a teacher turn down her own promotion), and what's happening in high school classrooms across the country. They also connect everyday tax confusion to bigger policy questions, from tariffs to tax refunds.

    📧 Questions? Email us at podcast@taxfoundation.org
    🐦 DMs: @DeductionPod on Twitter
    💬 Drop a comment below!

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    20 mins
  • You Might Owe Taxes in a State You Don’t Live In
    Apr 8 2026

    Should you have to file a tax return in a state where you babysat for one hour? In 22 states, the answer is technically yes.

    In this episode of The Deduction, host Kyle Hulehan and co-host Erica York sit down with Katherine Loughead, Director of State Tax Projects at the Tax Foundation, to break down the tangled mess of state nonresident income tax laws — and why they're a growing problem in the remote work era.

    Katherine walks us through how credits for taxes paid to other states are supposed to prevent double taxation, why "convenience rules" in 8 states can saddle remote workers with two full tax bills, how a wild patchwork of filing thresholds creates confusion for workers and employers alike, and what reforms states should adopt to simplify the system.

    📄 READ THE FULL PAPER:
    "Nonresident Income Tax Filing and Withholding Laws by State, 2026"
    https://taxfoundation.org/data/all/state/nonresident-income-tax-filing/

    📄 RELATED: "State Individual Income Taxes on Nonresidents: Remote Work & Hybrid Work"
    https://taxfoundation.org/research/all/state/state-income-taxes-nonresidents/

    📄 "How Burdensome Are Your State's Nonresident Income Tax Filing Laws?" (Interactive Map)
    https://taxfoundation.org/data/all/state/nonresident-income-tax-filing-laws/

    📄 Mobile Workforce State Income Tax Simplification Act
    https://taxfoundation.org/blog/complicated-state-taxes-business-travelers/

    ———

    HOSTS & GUEST:

    Kyle Hulehan — Host, Senior Marketing Associate & Creative Producer
    Tax Foundation: https://taxfoundation.org/about-us/staff/kyle-hulehan

    Erica York — Co-Host, Vice President of Federal Tax Policy
    Tax Foundation: https://taxfoundation.org/about-us/staff/erica-york
    Twitter/X: https://twitter.com/ericadyork
    LinkedIn: https://linkedin.com/in/erica-york-a68ab474
    Substack: https://ericadyork.substack.com

    Katherine Loughead — Guest, Director of State Tax Projects
    Tax Foundation: https://taxfoundation.org/about-us/staff/katherine-loughead
    Twitter/X: https://twitter.com/KELoughead
    LinkedIn: https://linkedin.com/in/katherine-e-loughead-6020a568

    ———

    FOLLOW THE DEDUCTION:
    Twitter/X: https://twitter.com/deductionpod

    FOLLOW TAX FOUNDATION:
    Website: https://taxfoundation.org
    Twitter/X: https://twitter.com/TaxFoundation

    📬 Have a question? Email us at podcast@taxfoundation.org or DM @DeductionPod on Twitter.

    #taxes #remotework #statetaxes #taxfiling #incometax #taxreform #taxfoundation #deduction #podcast #workfromhome

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    Follow us!
    https://twitter.com/TaxFoundation
    https://twitter.com/deductionpod

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    Show More Show Less
    41 mins
  • One Year After "Liberation Day," Did Trump's Tariffs Deliver?
    Apr 2 2026

    On April 2, 2025, President Trump announced sweeping "reciprocal" tariffs on Liberation Day, promising an investment boom, massive revenue, debt reduction, and lower prices. One year later, Kyle Hulehan and Erica York dig into the data to see how those promises held up.

    0:00 - Liberation Day speech recap
    2:00 - Were the tariffs actually "reciprocal"?
    5:30 - The real math behind the tariff formula
    10:00 - Market reactions and policy chaos
    14:00 - The promised investment boom that never arrived
    17:30 - Tariff revenue vs. projections and the national debt
    22:00 - Who actually paid the tariffs?
    25:30 - Business uncertainty and real-world impacts
    29:30 - Could any version of these tariffs have worked?
    36:00 - The five broken promises of Liberation Day
    37:00 - What comes next after the Supreme Court ruling

    Resources:
    Tax Foundation Tariff Tracker: https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/
    Tax Foundation Trade & Tariff Research: https://taxfoundation.org/research/all/federal/topics/trade/
    Subscribe to the Tax Foundation: https://taxfoundation.org/subscribe/

    Support the show

    Follow us!
    https://twitter.com/TaxFoundation
    https://twitter.com/deductionpod

    Support the show

    Show More Show Less
    39 mins
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