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Old 01-28-2020, 12:32 PM   #21
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Quote:
Originally Posted by target2019 View Post
"After December 31, 2025, most of the changes to the individual income tax code revert to pre-TCJA status."
That's all we know. But there's nothing to stop Congress from changing tax code again between now and then. As noted above, it will probably depend on who's controlling the oval office and both houses in the years ahead. If we stay mixed, the above may stay in force. That's what I'm planning on, and doing semi-aggressive Roth conversions for the next 5-7 years for now.
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Old 01-28-2020, 12:42 PM   #22
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Technically, Congress changes the tax law pretty much every year.

Last month, inside the spending bill were several changes to the tax code. There was the SECURE Act, which we all know about, as well as several extensions to previous provisions that otherwise would have expired, as well as some other minor tweaks, such as being able to withdraw from IRAs for adoption expenses and later repay that withdrawal, and the floor for itemizing medical expenses being dropped back to 7.5% of AGI.

Major changes, of course, are less frequent. I don't recall any tax changes that were scheduled to revert (like the current 2025/2026 ones) that were actually allowed to revert instead of either being extended or have further changes layered on top of them.
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