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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.
A mammoth bill advancing a broad range of President Donald Trump’s policy goals survived a key hurdle on Thursday, putting Republicans closer to their goal of passing a bill by sometime in May ...
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 ...
The TCJA made other significant changes to the tax code, including doubling the standard deduction, or the amount of money taxpayers can subtract from their annual before income tax is applied. It ...
In 2017, then-President Donald Trump championed a successful tax bill that lowered taxes for a large majority of American taxpayers. Many of the provisions of the tax bill are set to expire in ...
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 cuts, Trump's major legislative accomplishment in his first term, are due to expire at the end of this year and nonpartisan forecasters' current assumptions about the growth of the nation's ...