#TrumpTaxCuts

Key Provisions at Stake:

If the TCJA provisions expire without legislative action: 

• Individual Tax Rates: Marginal tax rates would revert to pre-TCJA levels, with the top rate increasing from 37% back to 39.6%. 

• Standard Deduction: The nearly doubled standard deduction would decrease, effectively raising taxable income for many filers. 

• Child Tax Credit: The credit would be cut in half for approximately 40 million families.