#TrumpTaxCuts Corporate Tax Reductions:

* A significant reduction in the corporate tax rate, from 35% to 21%.

* Individual Income Tax Changes:

* Changes to individual income tax rates and brackets.

* An increase in the standard deduction.

* Changes to various deductions and credits, including limitations on state and local tax (SALT) deductions.

* Changes to the child tax credit.

* Estate Tax:

* Increased estate tax exemptions.

Key Points and Considerations:

* Expiration:

* Many of the individual income tax provisions of the TCJA are set to expire at the end of 2025. This has led to ongoing discussions and debates about whether to extend them.