The main components of TCJA:
Individual income tax reductions:
Lower income tax rates across most tax brackets.
The standard deduction nearly doubled.
Increased child tax credit.
These individual tax reductions are set to expire at the end of 2025.
Individual income tax reductions:
Lower income tax rates across most tax brackets.
The standard deduction nearly doubled.
Increased child tax credit.
These individual tax reductions are set to expire at the end of 2025.