The End of the Trump Tax Cuts

What are the Trump Tax cuts?
The Tax Cuts and Jobs Act in 2017 overhauled the federal tax code by reforming individual and business taxes. It was pro-growth reform, significantly lowering marginal tax rates and cost of capital. We estimated it reduced federal revenue by $1.47 trillion over 10 years before accounting for economic growth.

Why do I care?
The Tax Cuts and Jobs Act (TCJA) made some significant changes to both business and personal taxes when it went into effect in 2018. Many of these changes affected tax deductions and credits, depreciation, and expensing so they impacted virtually every taxpayer.