KPMG Report: Tax Provisions Expiring in 2025 Affecting Individuals and Families

Summary

With more than $4 trillion of tax increases scheduled to take effect at the end of 2025, next year could be the most consequential year for tax legislation since the 2017 enactment of the Tax Cuts and Jobs Act (TCJA). No matter the outcome of November's elections, next year's Congress and administration will be required to confront these looming tax increases.