#TrumpTaxCuts

Key Features:

Corporate tax rate dropped from 35% to 21%.

Individual tax rates were lowered (temporary, expiring after 2025 unless extended).

Standard deduction roughly doubled.

State and local tax (SALT) deductions were capped at $10,000.

Estate tax exemption was raised.

Pass-through businesses (like LLCs) got a 20% deduction.