The Tax Cuts and Jobs Act

March 24, 2025

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act. A number of these provisions were temporary and set to expire in 2026, including the lower individual tax rates, the higher standard deduction, the child tax credit, the higher estate tax exclusion, and the SALT cap. If the provisions set to expire in the TCJA aren’t extended, there would be an effective $4 trillion in tax increases.

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