Enacted by Trump in 2017, theTax Cuts and Jobs Act, or TCJA, is a key priority for the next administration. Without action from Congress, trillions of tax breaks from the TCJA will expire after 2025. These includelower tax brackets, higher standard deductions, a more generouschild tax credit...
With most pandemic-era policy changes in the rearview mirror, the 2025 tax season is mostly business as usual. Compared to blockbuster years like 2018 and 2022, “there are fewer major changes to the tax code” this time around, says Brian Long, senior tax advisor at Wealth Enhancement. In...
While that is already within the publicly stated range of options for the U.S. government, tax experts also point out that given how aggressive Trump's stance has been early in his second term about testing U.S. advantage in negotiations, his team could push for much greater changes: in...
While extending TCJA provisions has broad Republican support, the fate of new proposals — from R&D deductions to tariff changes — remains less certain as Congress weighs competing priorities and economic impacts. This informational piece, which may be considered advertising under the ethica...
How – and how much – people and corporations pay in taxes is expected to change under Trump. Erica SandbergJan. 28, 2025 Experts Comment on Trump's Tax Plans Updated on Feb. 19, 2025: This story was published at an earlier date and has been updated with new information. Ta...
"What we have to do is show them that we're going to build an economy so that the ratio between the size of the economy and the debt changes positively in our favor," Rounds said. MUSK'S CUTS Republican House Budget Committee Chairman Jodey Arrington said accelerating ec...
The election of Donald Trump as the 47th president may come with changes to capital gains tax rates. There is no mention of capital gains taxes in the 2024 Republican Party platform or onAgenda 47, a website for President Trump.7
President-elect Donald Trump is expected to introduce significant changes to tax and trade policies that may carry substantial implications for Canadian businesses. We may also see the platforms of Canada’s federal political parties affected by any developments in US policies, particula...
During his time in the White House, Donald Trump pursuedvery good tax policyandvery bad spending policy. So if he wins a second term, one would hope he maintains his approach on taxes and changes his approach on spending. Unfortunately, he is doing the opposite. He has said nothing to su...
Child Tax Credit: Under Trump, there was the Child Tax Credit that increased to $2,000 per child under the age of 17. The credit had been previously $1,000. The Real Estate Tax Deduction: Applying tax changes and deductions to specific income tiers. For example, Trump doubled the life...