Economy

The old tax rates for each bracket was: 10%, 15%, 25%, 28%, 33%, 35% and 39.6%.

The current temporary ones are:
10%, 12%, 22%, 24%, 32%, 35%, and 37%.
Additionally, the standard deduction was raised and the child tax credit was increased. This would all revert back to the lower amounts when they expire.

Now I believe President Biden has said he would like to extend the cuts for the lower tax brackets and make the increased child tax credit permanent, but if Congress doesn't do anything, taxes will definitely increase for the majority of taxpayers.