Tax Breaks Expiring in 2025
Beth Parker2024-12-15T17:36:42-05:00Without congressional action before the end of 2025, the tax breaks for individuals enacted during the previous Trump administration will expire. Those were related to marginal rates, the standard deduction amounts, the child tax credit and other provisions. The rules were part of the Tax Cuts and Jobs Act of 2017, a law overhauling income-tax rules for individuals, estates, small businesses and corporations.
Under the Tax Cuts and Jobs Act for the tax years beginning after […]