Possible Expiration of Key TCJA Provisions Could Affect Individual Taxpayers
The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax rules for individual taxpayers. Many of these provisions are scheduled to expire at the end of 2025. But there's a chance that some (or all) of the provisions could be extended or made permanent with legislation in the future. This uncertainty complicates tax planning for many people. Here's an overview of some key provisions that may soon come to an end and how their expiration could affect your personal tax situation.