US Tax Legislation

President Donald Trump and congressional Republicans have indicated their hope to permanently extend marquee TCJA provisions such as the reduced income tax rates for individuals, increased exemptions for the individual AMT and the estate and gift tax, the doubled child tax credit, the increased standard deduction, and the 20% deduction for passthrough business income. Trump also has signaled his hopes to enact additional tax provisions he proposed on the campaign trail, such as a 15% corporate tax rate for domestic manufacturers and federal tax exemptions for tip income, overtime pay, and Social Security benefits.

This page is designed to keep you abreast of developments in Congress and at the White House through insights from trusted Deloitte tax specialists given the tax policy challenges ahead. Check back often for updates and to understand potential changes on corporate, individual, and international tax policy.