#TrumpTaxCuts

As of April 28, 2025, the future of the Trump-era Tax Cuts and Jobs Act (TCJA) is at a pivotal juncture. Without legislative action, many of its provisions are set to expire on December 31, 2025, potentially leading to significant tax increases for a broad spectrum of American taxpayers.

Key Provisions at Risk of Expiration

The TCJA, enacted in 2017, introduced several tax reforms, many of which are temporary and scheduled to sunset at the end of 2025:

Potential Impact on Taxpayers

If the TCJA provisions expire:

• Tax Increases: An estimated 62% of filers could face higher taxes relative to current policy in 2026 .

• Median-Income Families: A family of four earning the median income of $80,610 could see a tax increase of approximately $1,695 .

• Child Tax Credit: Around 40 million families might experience a reduction in their Child Tax Credit .