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More than 200 House and Senate Republicans are backing a bill to repeal the federal estate tax ... It comes as Republicans work on extending President Donald Trump’s 2017 Tax Cuts and Jobs Act ...
A slimmer IRS is good news for fat cats, not you. President Trump is slashing funds to US government services like the IRS — here’s why this tax season could be extra risky for Americans Skip ...
The expiration isn't a surprise: It was written into Trump's signature tax legislation from his first term, the Tax Cuts and Jobs Act (TCJA), signed into law in 2017.
The TCJA made other significant changes to the tax code, including doubling the standard deduction, or the amount of money taxpayers can subtract from their annual before income tax is applied. It ...
The modern estate tax was temporarily phased out and repealed by tax legislation in 2001. This legislation gradually dropped the rates until they were eliminated in 2010. However, the law did not make these changes permanent and the estate tax was scheduled to return to 55 percent in 2011. [58]
U.S. President Donald Trump signs a document in the Oval Office at the White House in Washington, U.S. February 4, 2025.
At the end of 2025, significant tax cuts are expiring that were passed under the Trump administration through the Tax Cuts and Jobs Act (TCJA), often called the Trump tax cuts. Unless a new law is...
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....