#TrumpTaxCuts President Trump's tax cuts, specifically the Tax Cuts and Jobs Act (TCJA) of 2017, are set to expire or change significantly in 2025 and 2028. Here's what's happening:

Key Provisions Expiring or Changing

Individual Income Tax Cuts: Most individual tax cuts are set to expire on January 1, 2026, which could increase taxes for 62% of taxpayers.

Business Tax Cuts: Some business tax cuts have already expired or are phasing out, with others set to expire in 2028.

Estate Tax Provisions: Estate tax provisions are also set to expire, with a potential impact on inheritance taxes .

Exempting Social Security benefits from income tax for retirees.

- *Deduction for Auto Loan Interest*: Creating a deduction for auto loan interest for American-made cars.