08-07-2025
- Business
- Wall Street Journal
How Well Do You Know the New Tax Law? Take Our Quiz
The new tax-and-spending law runs 887 pages, changing how everything from estates to car loan interest is taxed.
The law does far more than extend the individual tax cuts of President Trump's 2017 tax law, which were set to expire at year-end. The new law makes some provisions of the 2017 version permanent, adds new tax cuts and eliminates others. Some of the changes are effective this year, so they will affect tax returns filed next spring.
