This is a news story, published by MSN, that relates primarily to TCJA news.
For more TCJA news, you can click here:
more TCJA newsFor more personal finance & financial education news, you can click here:
more personal finance & financial education newsFor more news from MSN, you can click here:
more news from MSNOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like personal finance & financial education news, you might also like this article about
significant tax savings. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Tax Cuts news, drastic financial moves news, personal finance & financial education news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
RetirementGOBankingRates
•69% Informative
The Tax Cuts and Jobs Act ( TCJA ) was brought on during Trump ’s previous presidency.
The highest earners were projected to benefit the most from this law, while the lowest earners were expected to pay higher taxes when individual tax provisions expire in 2025 .
Some retirees could be most affected by the expiration of the TCJA tax legislation.
Home mortgage interest is deductible up to the first $ 750,000 of mortgage debt.
This limit would increase to $1 million if TCJA expires as currently scheduled in 2025 .
Retirees with few itemized deductions such as state and property taxes may see their tax bills go up.
VR Score
70
Informative language
72
Neutral language
37
Article tone
informal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
15
Affiliate links
no affiliate links