Proposed Tax Changes For 2024 Usa. Frustrated americans await the economic changes they voted for with trump. On a conventional basis, we estimate trump’s proposed tax changes would reduce federal tax revenue by $3 trillion from 2025.
All data is based on information released or. The proposal would increase the $1,600 limit on refundability to $1,800 for tax year 2023, $1,900 in 2024, and $2,000 in 2025, as well as apply an inflation adjustment in 2025 that would make the cap match the credit.