New Tax Laws 2025

New Tax Laws 2025. All of the individual tax provisions of the 2017 tax cuts and jobs act (tcja) expire at the end of 2025. The centre is expected to unveil the direct tax code 2025, the simplified version of the income tax laws, in the upcoming union budget to be presented on february 1 next year.

As a tax preparer, it’s important to understand these updates so you can file your clients’ taxes accurately. Tax laws for 2025 and 2025 introduce several important changes that could influence how you approach your tax planning for the next two years.