#TrumpTaxCuts The Trump Tax Cuts, officially known as the Tax Cuts and Jobs Act (TCJA) of 2017, brought major changes to the U.S. tax system.

It lowered corporate tax rates from 35% to 21%, aiming to boost business investments and economic growth. For individuals, it increased the standard deduction, reduced income tax rates, and adjusted tax brackets, helping many Americans keep more of their income.

However, debates continue about who benefited the most. Some argue it helped the wealthy and corporations more, while others say it spurred job creation and wage growth.

Understanding these cuts is important for every taxpayer!