Tax Laws Ending In 2025

Tax Laws Ending In 2025. Tax brackets, income tax rates, child tax credit, state and local tax deductions, mortgage interest deductions and much more will literally change overnight. Many provisions of the 2017 tax cuts and jobs act are scheduled to expire at the end of 2025, and extending or changing key provisions will be a political priority.

While many of the tcja tax provisions were made permanent, other provisions will expire at the end of 2025 unless congress decides to act. Unless congress decides to act, lots of tax changes will take effect in 2026, including higher tax rates and lower standard deductions.