The Tax Cuts and Jobs Act: A Sunset & Its Consequences?

Will the Tax Cuts and Jobs Act (TCJA) be extended, or could we see its sunset in 2025? The federal government’s financial state—a $36 trillion debt and $2 trillion deficit—might necessitate changes regardless of political promises.

One possible reintroduction to many taxpayers is the Alternative Minimum Tax (AMT):

• Originally designed to ensure high earners pay a baseline tax, the AMT could resurface as a revenue tool.

• A sunset of the TCJA would reintroduce personal exemptions, uncapped SALT deductions, and other adjustment items.

• AMT exemptions might shrink, hitting households earning $100,000–$600,000 with higher marginal rates.

Elon Musk might advocate for cutting waste, but the math might still demand increased taxes. What does this mean for you? Understanding AMT implications now could save you headaches later.

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