There’s been a lot of talk about the Tax Cuts and Jobs Act (TCJA). As Kiplinger has reported, the Trump administration tax overhaul (also known as the “Trump tax cuts”) lowered marginal tax rates, almost doubled the standard deduction, and slashed some tax breaks. Some of the law’s provisions are set to expire in 2025.
However, with a GOP-controlled White House, Senate, and House in 2025, a potential renewal of the TCJA may be coming.
