taxes

Tax Cuts for Now. But What Happens in 2026?

The new rules will be the subject of hot political debate in eight years (or sooner).

Note: The editors of Kiplinger's Personal Finance magazine and the Kiplinger Tax Letter are answering questions about the new tax law from subscribers to our free Kiplinger Today daily email. See other reader Q&As about the new tax law, or submit your own question.

Question: Most of the individual provisions of the proposed tax law expire as of Jan. 1, 2026. What will happen in eight years?

Answer: Unless those provisions are extended, the law will revert to what existed before the new provisions were enacted. Don’t count on it, though.

Whether or not to extend the life of the new rules will be the subject of hot political debate, just as occurred for years after passage of the George W. Bush “temporary” tax cuts of 2001. Most of those cuts were ultimately made permanent.

Most Popular

You'll Save More on Green Home Improvements Under the Inflation Reduction Act
Tax Breaks

You'll Save More on Green Home Improvements Under the Inflation Reduction Act

Tax credits for energy-efficient home improvements will be extended and expanded by the Inflation Reduction Act.
August 12, 2022
Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
The 25 Cheapest U.S. Cities to Live In
places to live

The 25 Cheapest U.S. Cities to Live In

Take a look at our list of American cities with the lowest costs of living. Is one of the cheapest cities in the U.S. right for you?
August 7, 2022

Recommended

The Inflation Reduction Act and Taxes: What You Should Know
Tax Breaks

The Inflation Reduction Act and Taxes: What You Should Know

Congress has passed the Inflation Reduction Act of 2022—a climate, energy, healthcare, and tax bill that will increase IRS funding, and change some ta…
August 15, 2022
EV Tax Credits Are Changing: What’s Ahead
Tax Breaks

EV Tax Credits Are Changing: What’s Ahead

President Biden will soon sign the Inflation Reduction Act—multi-billion-dollar climate, tax, healthcare, and energy legislation that makes key change…
August 15, 2022
What Are the Income Tax Brackets for 2022 vs. 2021?
tax brackets

What Are the Income Tax Brackets for 2022 vs. 2021?

Depending on your taxable income, you can end up in one of seven different federal income tax brackets – each with its own marginal tax rate.
August 15, 2022
You'll Save More on Green Home Improvements Under the Inflation Reduction Act
Tax Breaks

You'll Save More on Green Home Improvements Under the Inflation Reduction Act

Tax credits for energy-efficient home improvements will be extended and expanded by the Inflation Reduction Act.
August 12, 2022