#TrumpTaxCuts It looks like you’re bringing up #TrumpTaxCuts — are you thinking about the 2017 Tax Cuts and Jobs Act (TCJA)?
Here’s a quick refresher:
Signed into law by President Trump in December 2017.
Biggest corporate tax cut: dropped from 35% to 21%.
Individual tax rates were lowered too, but those cuts are set to expire after 2025 unless renewed.
Standard deduction nearly doubled, but personal exemptions were eliminated.
**State and local tax (SALT