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In 2017, give consumers so much needed relief, but those cuts are scheduled to expire in 2025.

Everybody's probably going to see their tax rate go up a little bit and then how that

impacts you is going to depend on how you do your standard deductions, whether or not

you give to charity, how much is going into your retirement savings.

We'll talk to Wall Street Journal contributor, Bailey McCam, after the break.

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Trump era tax cuts are set to expire in 2025.

Financial experts say making certain moves now can protect your finances and ease your tax liability.

Wall Street Journal contributor Bailey McCam joins me.

So first of all, Bailey, what are some of the prominent features of the tax cuts that went into effect in 2017 that are set to expire?

So the tax cuts did a lot of things.

Everybody had their tax rates lowered and the standard deduction was also almost doubled,

which can help with your income tax and get a bit of a higher rebate there.

It also raised the state tax exemption so that you can have a bigger estate before you reach the threshold of taxes.

If the tax cuts aren't renewed, what will happen to income tax brackets?

So those are going to revert to where they were in 2016, which is higher.

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