💬 The #TrumpTaxCuts officially known as the Tax Cuts and Jobs Act of 2017, reshaped the American economic landscape — and the conversation around it is heating up again as key provisions near expiration.
For individuals, the cuts lowered income tax rates, doubled the standard deduction, and expanded child tax credits. For businesses, it reduced the corporate tax rate from 35% to 21%, aiming to drive growth, investment, and job creation. 📊
At Square, we recognize that tax policy impacts everyone — from small business owners making critical investment decisions to everyday consumers managing their finances. As discussions about whether to extend, modify, or sunset the Tax Cuts pick up, the outcomes could reshape how businesses plan for the future and how families build wealth.
Understanding these changes isn’t just about politics — it’s about being prepared. We'll continue to monitor developments closely to keep our community informed and ready for what's ahead.