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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.
In addition to eliminating the tax on Social Security benefits, Trump said he would continue or make permanent many of the tax cuts he enacted during his first term that are set to expire this year.
Another possibility, when it comes to Trump, is to convince yourself that it won’t be as bad as some of the worst doom-mongers would have it. You can look at his first term through narrowed eyes ...
Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia.
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...
The top marginal tax rate on income of 39.6%, provided for under the expiration of the 2001 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 35%. [3] The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained.
For millennials, a second term for Trump could bring good tax news. His 2017 Tax Cuts and Jobs Act, which is due to expire next year, was designed to lower your personal tax burden.
When President-elect Donald Trump met with congressional Republicans shortly after his November 2024 election victory, he floated the idea of another term: “I suspect I won’t be running again ...