Trump Tax Plan Ending 2025

Trump Tax Plan Ending 2025. If that isn't extended, small business owners should plan to set aside extra cash to pay higher taxes in 2026, campbell said. What does trump's tax plan mean for you?

First, it would replace the current revenue system with one built on individual income tax rates of 15 percent and 30 percent, with an unspecified standard deduction. This gives incoming lawmakers a window of opportunity to reconsider how to structure tax policies to balance revenue.