#TrumpTaxCuts The 2017 Trump Tax Cuts and Jobs Act (TCJA) significantly impacted the US tax landscape. Key provisions included [9]:

- *Corporate Tax Rate*: Reduced from 35% to 21%, aiming to boost business investment and competitiveness.

- *Individual Tax Brackets*: Lowered tax rates across various brackets, with the top rate decreasing from 39.6% to 37%.

- *Standard Deduction*: Doubled to $12,000 for single filers and $24,000 for married couples, simplifying tax filing for many.

The TCJA's effects on the economy and tax revenue remain debated, with some arguing it spurred growth and others claiming it primarily benefited wealthy individuals and corporations.