#TrumpTaxCuts The Trump Tax Cuts, aka Tax Cuts and Jobs Act (TCJA), made significant changes to the US tax code.

Here are the key points:

- Cut corporate tax rate from 35% to 21%

- Reduced individual income tax rates across the board¹

- Increased standard deduction and family tax credits

- Limited state and local income tax deductions to $10,000

- Expiring provisions include individual income tax cuts, scheduled to end in 2025

Proponents argue it boosted economic growth, while critics claim it increased debt and favored the wealthy.²