On November 5, 2024, Republican Donald Trump won the 2024 U.S. Presidential Election and will be the 47th President of the United States. Trump’s return to the White House after four years could mean significant changes throughout the U.S. legal and regulatory framework, and the impact on tax policy is no exception.
Trump's first term in office saw the passage of the Tax Cuts and Job Act of 2017 (TCJA), the single most significant change to the Internal Revenue Code in more than three decades, and on the campaign trail, Trump has promised more changes to the tax system.
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