Trump’s temporary tax breaks: 5 ‘big beautiful bill’ provisions that may not stick around for long
Under the sweeping new tax law, timing is everything. Here are five new tax breaks that won’t last long.
Kemberley Washington, CPA, is a former tax expert and journalist for Bankrate, and a former IRS agent with over 20 years of experience in tax policy. She started her career as a revenue agent and criminal investigator with the IRS. However, in the aftermath of Hurricane Katrina, she began writing and teaching about taxes and personal finance to help her community during a devastating time.
Her stories have appeared in Yahoo Finance, Jet Magazine, Black Enterprise, Fox Business, Forbes and more. She frequently appeared on many national and local television shows, including NBC's WDSU and Good Morning America 3.
She has authored several books, including "It All Starts with a Budget," "The Ten Commandments to Financial Healing" and "21 Days of Powerful Breakthroughs." Some of her books are featured on the YouVersion Bible App.
After six months of training on how to shoot guns, arrest people and conduct speed chases as an IRS criminal investigator, I knew that carrying a gun wasn't for me! However, my IRS experience gave me the opportunity to help others with tax and finance issues. Today, I continue to share tax tips through my writing, news appearances, and volunteering in the community.
— Kemberley Washington, CPA
Under the sweeping new tax law, timing is everything. Here are five new tax breaks that won’t last long.
Under the current law, taxpayers can claim the electric vehicle tax credit if they meet specific income and purchase requirements.
There are many tax breaks that may apply for fathers, from claiming dependents, saving for your child’s education or looking to lower your taxable income.
The popular IRS Direct File program, which lets you prepare and file your return for free, will be cancelled if the Republican tax bill becomes law.
The child tax credit could get boosted to $2,500 under a Republican proposal. But millions of children would be excluded.
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