What to Know About Trump’s Plan to Extend Tax Cuts: QuickTake

Feb. 7, 2025, 5:00 PM UTC

President Donald Trump and congressional Republicans have made extending the 2017 tax cuts under the Tax Cuts and Jobs Act a top priority this year. Work to pass a tax bill will dominate legislative activity in the months ahead. Here’s what to know about the expiring tax cuts and the effort to extend them.

What tax cuts are expiring in 2025, and how can Republicans extend them?

The Tax Cuts and Jobs Act (TCJA) was a major overhaul of the tax code that lowered rates for individuals and companies, along with a host of other changes. While some of the ...

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