The expiration of Trump's 2017 tax cuts could lead to over 62% of filers facing a tax increase in 2026, impacting many American families.
Mark Baran labeled next year as the 'Tax Super Bowl,' emphasizing the potential changes in tax rates and credits heavily depending on Congress's actions.
President Trump's commitment is to extend tax cuts, asserting a mandate to lower the burden on Americans and enhance their financial wellbeing.
The 2017 Tax Cuts and Jobs Act significantly reduced individual tax rates and doubled the child tax credit, influencing financial planning for families.
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