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Will Your Taxes Go Up? Best- and Worst-case Scenarios for Tax Reform in 2025

The Deduction

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Impacts of Tax Reform: Scenarios and Consequences

This chapter explores the potential ramifications of upcoming tax reforms on individual taxpayers, estimating an increase in tax bills by $2,000 to $2,500. The discussion underscores the significant impact of these reforms on everyday lives and the risks of Congress's inaction leading to adverse economic outcomes.

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