Trump-era tax cuts expire December 2025. the average American can expect to see their tax bill increase slightly in tax year 2026.

With many of former President Trump’s tax cuts due to expire next year, taxpayers may be wondering if there’s anything they should be doing now to prepare. Trump’s 2017 Tax Cuts and Jobs Act (TCJA) increased the standard deduction, lowered the corporate and estate tax rates and increased the child tax credit, among other things. …

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