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Under the TCJA, key changes were made to individual tax laws, including the near-doubling of the standard deduction and increasing the child tax credit to $2,000, from $1,000.
When 2025 draws to a close, so will many of the sweeping Trump-era GOP tax breaks established by the Tax Cuts and Jobs Act (TCJA) of 2017. While the legislation made some tax cuts to corporate ...
Since former President Donald Trump enacted the Tax Cuts and Jobs Act of 2017, most Americans have benefited from lower taxes. ... 6 Changes Coming to Your Tax Return in 2025 If Trump Is Elected ...
One major concern regarding Trump's proposed tax plan is its potential impact on the federal deficit. Estimates suggest extending these tax cuts could increase the deficit by over $3.7 trillion ...
The TCJA's provisions included a permanent lower corporate tax rate, as well as temporary lower income tax rates that came with a sunset date of Dec. 31, 2025. Those income tax cuts resulted in a ...
Signed into law Dec. 22, 2017, the Tax Cuts and Jobs Act (TCJA) -- informally known as the Trump tax cuts -- contained a number of changes to individual tax rates that are set to expire after 2025....
Date Events Photos/Videos Monday, January 20: Donald Trump takes the oath of office as the 47th president of the United States and JD Vance takes the oath of office as the 50th vice president. [1] The inaugural parade is held at the Capital One Arena, with President Trump signing executive orders after speaking to supporters. [2] [3]
While many Trump-era tax cuts are due to expire by the end of 2025, some other changes have already taken effect for average wage earners. See: Trump-Era Tax Cuts Are Expiring — How Changes Will ...