https://www.mondialnews.com/2025/07/13/how-trumps-tax-law-could-transform-your-finances-and-when-youll-see-the-impact/
The sweeping tax reforms introduced under former President Donald Trump brought significant changes to the American financial landscape. As taxpayers and businesses continue to navigate these adjustments, understanding when the new rules take effect is crucial. This article breaks down the key provisions of Trump’s tax law and outlines the timeline for their implementation, helping readers grasp how these changes could impact their finances moving forward.
Trump’s Tax Law Could Reshape Your Deductions and Credits
Several key provisions under the new tax legislation have the potential to significantly alter how taxpayers approach their annual filings. Among the most impactful changes are adjustments to standard deductions, which have nearly doubled for many filers, reducing the need for itemized deductions. Meanwhile, various tax credits have been expanded or introduced, offering fresh opportunities to lower tax liabilities. These adjustments are designed to simplify taxes for the…
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Author : Miles Cooper
Publish date : 2025-07-13 01:32:00
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