What Happens To Taxes In 2025. Without action by lawmakers, changes to marginal tax rates and brackets, itemized deductions, tax exemptions, credits, and other portions of the federal tax system will. All of the individual tax provisions of the 2017 tax cuts and jobs act (tcja) expire at the end of 2025.

Tax brackets, income tax rates, child tax credit, state and local tax deductions, mortgage interest deductions and much more will literally change overnight. Using our taxes and growth model, we can.