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On the campaign trail, Trump promised a variety of tax breaks, ... Here are some ways your taxes may change in 2025 and beyond. Tax benefits for small businesses.
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 ...
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 ...
The legislation is commonly referred to in media as the Trump tax cuts. Major elements of the changes include reducing tax rates for corporations and individuals, increasing the standard deduction and family tax credits, eliminating personal exemptions and making it less beneficial to itemize deductions, limiting deductions for state and local ...
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 ...
At the very top of Republicans’ 100-day agenda with President-elect Donald Trump in the White House and GOP lawmakers in a majority is the plan to renew some $4 trillion in expiring tax cuts.
At a 2022 Heritage Foundation dinner, Trump endorsed the organization, saying it was "going to lay the groundwork and detail plans for exactly what our movement will do ... when the American people give us a colossal mandate." [48] Roberts said in April 2024 that he had talked to Trump about Project 2025; the Trump campaign denied this. [56]