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If you can’t complete your returns by Tax Day, you can request an automatic extension with Form 4868. You’ll get a six-month reprieve through Oct. 15 — but only to submit your returns.
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....
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 ...
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 Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
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 ...