The 2017 tax law, which passed without a single Democrat’s vote, largely left retirement savings untouched despite discussions about enhancing after-tax Roth IRA retirement vehicles that incent savers to pay income taxes up front in exchange for tax-deferred retirement savings.
Republicans had hoped to make all the tax cuts in their 2017 law permanent, but budget constraints meant the reductions for individuals and pass-through businesses will expire in 2026. The long deadline gives Republicans eight years to extend the bill ahead of the sunset date.