"Trump's Tax Cuts" primarily refers to the Tax Cuts and Jobs Act (TCJA) of 2017, signed into law by then-President Donald Trump. Below is a breakdown of its key components and ongoing discussions:

Key components of the TCJA:

Individual income tax cuts:

Reduced income tax rates across most tax brackets.

Nearly doubled the standard deduction.

Increased child tax credit.

These individual tax cuts are set to expire at the end of 2025.