2025 Tax Report

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An Update to the Budget and Economic Outlook: 2021 to …

    Projected federal debt dips just below 100 percent of GDP between 2023 and 2025 before rising again, reaching 106 percent in 2031, about the same as the amount recorded in 1946, which stands as the highest in the nation’s history.

The Budget and Economic Outlook: 2021 to 2031

    For this report, the latest in the series, the projections are based on the laws in effect as of January 12, 2021. CBO’s economic assessment is identical to the forecast the agency published on February 1, 2021. Deficits. CBO projects a federal budget deficit of $2.3 trillion in 2021, nearly $900 billion less than the shortfall recorded in 2020.

Trends and Proposals for Corporate Tax Revenue

    2025), leading to a tax rate of 13.125% (16.4% after 2025). S. 714, H.R. 1785, S. 991, and the Biden Administration proposal would eliminate FDII. The BBBA would tax FDII at 20.7%. The Biden proposal would use the revenue to provide additional incentives for research. As with GILTI, one motivation for these proposals is due to concerns that

Why You Should Plan Now For A Big Tax Event In 2025

    The Tax Cuts and Jobs Act of 2017 increased the federal gift and estate tax basic exclusion amount (BEA) to $11.58 million per …

How the TCJA Tax Law Affects Your Personal Finances


    Preparing for the great sunset: What you need to know if …

      In fact, for 2018 through 2025, the annual deduction limit for cash contributions to public charities increased from 50% of AGI to 60% of AGI, and will sunset back to 50% in 2026.

    2025 Tax Report & other calculators

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