#TrumpTaxCuts US Tax News: Trump's Tax Cuts Expire in 2025

The Tax Cuts and Jobs Act of 2017, signed under Trump, is coming to an end for individuals this year.

Without action from Congress, taxes will increase for 62% of taxpayers in 2026.

Republicans are seeking to extend these cuts despite an estimated budget cost of over $4 trillion over 10 years.

Proposals are emerging to exempt tips, overtime, and social security benefits.

Discussions in Congress will be crucial for the American economy and markets in 2025.