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Key legislation that cut taxes could expire before long. Here’s what you can do today to prepare. David Gyung / Shutterstock.com
In 2017, Congress passed the Tax Cuts and Jobs Act (TCJA). This legislation reduced taxes for many people and corporations. However, without further legislative action, the tax cuts are set to expire at the end of 2025, and 2026 tax rates and tax brackets will be higher for most households. Planning ahead for the TCJA expiration could increase your financial security. Let’s explore what the…
