As the clock ticks towards January 1, 2026, the looming expiration of the Tax Cuts and Jobs Act is sending ripples of concern through the American taxpayer community. What will happen to your taxes when this act expires? Join us as we delve into the potential tax hikes that millions of Americans might face and the ongoing debate surrounding the budgetary impacts of extending tax cuts.
- Understanding Taxes: Taxes are obligatory payments collected by local, state, and national governments from individuals or businesses. These funds cover the costs of general government services, goods, and activities.
- Insightful Discussion: In this insightful episode, we are accompanied by Erica York, Senior Economist and Research Director, and Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation. Together, they analyze the current policy versus current law baselines and examine how these decisions could shape future deficits, economic growth, and fiscal policy.
- Explore Further:
- All About That Base(line)
- Tax Calculator: How the TCJA’s Expiration Will Affect You
- Expiring TCJA Tax Provisions in 2026 Would Produce Substantial Tax Hike across the US
- Options for Navigating the 2025 Tax Cuts and Jobs Act Expirations
- A Tax Reform Plan for Growth and Opportunity: Details & Analysis
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Amidst the uncertainties and debates surrounding tax policies, it is crucial to stay informed and engaged. Share this article on Twitter, LinkedIn, Facebook, or via email to spread awareness and initiate meaningful discussions. Let’s navigate the complex web of tax laws together and strive for a financially secure future.
