Reported 28 days ago
The expiration of the Tax Cuts and Jobs Act (TCJA) in 2025 brings significant implications for U.S. tax policy, as outlined by presidential candidates Donald Trump and Kamala Harris. Trump aims to extend all TCJA tax cuts, promoting tax reductions for high-income earners and corporations, while Harris plans to preserve taxes for those earning under $400,000, revert top income tax rates for the wealthiest, and enhance child tax credits. Voters are presented with contrasting tax strategies that could shape the financial landscape for individuals and families going forward.
Source: YAHOO