Trump Tax Cuts to Expire: Here’s How Much You'll Pay

The tax cuts, passed under the Trump administration several years ago, will expire within two years.

In a file photo, a postal worker is seen putting stamps on envelopes heading to the IRS Monika Graff/Getty Images

As the Biden administration this week signaled it is aiming to push for some of the Trump-era tax cuts, slated to expire at the end of next year, Americans may have to pay more in taxes unless Congress doesn’t renew it.

U.S. Treasury Secretary Janet Yellen said this week that the Biden administration is looking to extend portions of former President Donald Trump’s Tax Cut and Jobs Act measure that was passed in 2017 and is slated to expire as of Dec. 31, 2025.