as taxpayers scramble to complete their 2022 returns ahead of tuesday’s filing deadline many are also thinking about ways to reduce future tax bills if you’re among them here’s an important piece of advice remember that the federal tax code is headed for major changes in just a few years the tax cuts and jobs act signed into law dec 22 2017 and colloquially known as the trump tax cuts contained a host of changes to individual tax rates that are set to expire after 2025 at that point absent congressional action tax rates for 2026 will revert to the rates payers were subjected to before the change