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Plus, the top tax rate for high-income earners was lowered to 37 percent, from 39.6 percent, and a new 20 percent deduction was created for certain types of business income.
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....
Individual income tax rates will revert to their 2017 levels. The standard deduction (which many taxpayers take advantage of each year) will be cut roughly in half.
While many Trump-era tax cuts are due to expire by the end of 2025, ... $340 Per Year in Cash Back on Gas and ... didn’t take advantage of these incredibly favorable tax rates when they had the ...
Trump-era tax cuts are expiring, meaning taxpayers could see big changes to their tax bills if the law isn’t extended.While these aren’t due to expire until the end of 2025, there are other ...
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 ...
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...
Significantly, it also cut the highest tax rate from 39.6% to 37% and applied to it those earning over $500,000 a year, rather than around $427,000 (and $600,000 for couples, up from around $480,000).
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