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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.
The Tax Cuts and Jobs Act was a major overhaul of tax regulations that was signed into law by President Trump on December 22, 2017. It brought about a wide range of changes, including both ...
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 ...
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 ...
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 ...
Tax cuts that went into effect during the Trump administration are due to expire at the end of 2025, which isn't exactly right around the corner but isn't in the far-distant future, either. A lot ...
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]
For instance, the Treasury’s Office of Tax Analysis estimates that the top 0.1% of earners would get a tax cut of $314,000 under a full extension of the individual and estate tax provisions ...