How the Tax Cuts and Jobs Act Sunset Reshapes Your 2026 Return

The Tax Cuts and Jobs Act sunsets at the end of 2025. In this episode, Lucas and Luna walk through how that changes your 2026 tax return — lower standard deduction, lost personal exemptions, reduced child tax credit, and the return of the state and local tax deduction cap. They focus on a real middle-income family scenario: a couple with two kids earning $120,000 in Atlanta. Compare their 2025 tax bill under current law with what they'd owe in 2026 if Congress lets provisions expire. Specific numbers: the standard deduction drops from $30,000 to about $15,000 (married filing jointly). The child tax credit falls from $2,000 per child to $1,000. The mortgage interest deduction limit reverts from $750,000 to $1 million. State and local tax deduction caps stay at $10,000. The episode explains which expiration is definite and which might be extended, and offers one concrete planning move: accelerating deductions into 2025. #TaxCutsAndJobsAct #TCJASunset #TaxPlanning2026 #StandardDeduction #ChildTaxCredit #SALTCap #MortgageInterestDeduction #PersonalExemption #TaxBrackets #MiddleClass #FamilyTax #Atlanta #Georgia #Congress #IRS #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo