To help you understand anticipated tax proposals as well as other important recent legislative and regulatory developments, the 2025 U.S. Tax Legislative & Regulatory Update below includes:

• A 2025 timeline for policy actions,
• Historic president tax legislation timelines,
• A chart detailing the expiring provisions in the Tax Cuts and Jobs Act of 2017 (TCJA),
• A comparison of the regular legislative process versus the budget reconciliation process,
• Planning for the expiring TCJA provisions,
• Tax provisions in the reconciliation bill, and
• Long-term tax outlook

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