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With President Donald Trump returning to the White House for a second term, Americans can expect to see major tax-law changes in the years ahead. During his first stint in office, Trump massively ...
Since former President Donald Trump enacted the Tax Cuts and Jobs Act of 2017, most Americans have benefited from lower taxes. However, some of those tax provisions will sunset in 2025. Read Next ...
Donald Trump's second term is promising to usher in renewed tax reform. ... 6 Reasons Your Tax Refund Will Be Higher in 2025. ... 8 States Proposing the Biggest Changes to Taxes in 2025 and Beyond ...
The Tax Cuts and Jobs Act of 2017, which was enacted during president-elect Trump’s first term, is destined to expire at the end of 2025, which would bring back prior rules and generally higher ...
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 ...
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 ...
That’s because the Trump-era Tax Cuts and Jobs Act from 2017 is set to expire at the end of 2025. ... Trump’s Tax Cuts and Jobs Act expanded the child tax credit (CTC) for children under 17 to ...