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Temporary Tax Cuts Are Expiring | Raleigh News
Big tax refunds this year? Thanks to retroactive Working Families Tax Cuts — but here’s the catch: most of the windfall came from over-withholding, not real tax relief. New deductions for tips, overtime, car loans, and seniors boosted refunds, but they’re all temporary, expiring after 2028 unless Congress acts. The Treasury’s celebrating $82 billion returned — but that’s not the whole story. Permanent wins like lower brackets and a doubled standard deduction exist, but the flashy perks? They’re on a clock. Time to plan: your next refund might not be as sweet if you’re banking on these…
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