2025 tax break expiration prompts financial advisors to prepare for potential tax changes.
As 2025 nears, financial advisors are preparing for potential tax changes due to the expiration of tax breaks from the Tax Cuts and Jobs Act of 2017. Key provisions, including lower income tax brackets and increased standard deductions, will end without Congressional action. Advisors are focusing on estate planning and strategies like accelerating income and deferring deductions, anticipating higher tax rates and reduced deductions post-2025.
October 12, 2024
4 Articles