Most individual tax provisions in the new tax law expire after 2025. They include tax rates and bracket changes, increased standard deductions, repeal of personal exemptions, pared-back Schedule A itemized deductions, the 20% write-off for owners of pass-throughs, and the higher estate tax exemption.
But three changes affecting individuals are permanent: Inflation adjustments of tax brackets and various other tax breaks based on a chained consumer price index. Repeal of the penalties under Obamacare’s individual mandate for post-2018 years. And the expansion of 529 college savings accounts to allow tax-free distributions of up to $10,000 per student per year to help pay tuition for K-12 education. Note that the $10,000 cap doesn’t apply to 529 plan withdrawals to pay for college.