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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 2025 tax season is in full swing, and if you haven't yet filed, there's still time to make sure you get everything right before submitting your returns to the IRS -- but the clock is ticking ...
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....
This higher standard deduction is due to expire with the Tax Cuts and Job Act. The standard deduction increased to $27,700 for married couples filing jointly, up from $25,900 in 2022. Single ...
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...
While many Trump-era tax cuts are due to expire by the end of 2025, ... Trump-Era Tax Cuts Are Expiring — How ... The personal exemption of $5,300 will return, but the child tax credit will also ...
The tax changes from the Tax Cuts and Jobs Act of 2017 are scheduled to expire on Dec. 31, 2025. Some provisions have already started phasing out. Some provisions have already started phasing out.
While the individual federal tax brackets will remain the same in 2025 as 2024 — 10%, 12%, 22%, 24%, 32%, 35% and 37%, as set by the 2017 Tax Cuts and Jobs Act — the tax brackets will allow a ...