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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 ...
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 ...
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]
The first 100 days of the second Donald Trump presidency began on January 20, 2025, the day Donald Trump was inaugurated as the 47th president of the United States. The first 100 days of a presidential term took on symbolic significance during Franklin D. Roosevelt 's first term in office, and the period is considered a benchmark to measure the ...
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 ...
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 ...