Tax Cut Extension Moves Center Stage as Republicans Take Power

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What was once known as the tax cliff of 2025 may have leveled out into something less dramatic sounding, but tax practitioners are still buckling up and getting ready for what promises to be a massive debate around tax policy this year.

Negotiations around expiring tax provisions in the 2017 tax law, known as the Tax Cuts and Jobs Act, were looming on taxes for corporations, partnerships, estates, and individuals no matter which way the election fell. But with a Republican sweep of the White House and both chambers of Congress in ...