Sunset of TCJA
The expiration of the Tax Cuts & Jobs Act (TCJA) is right around the corner on December 31, 2025. We will talk about possible tax planning moves before December 31, 2025 and how to be prepared for different tax planning strategies in 2026. We will need to be prepared for major changes in estate planning such as the expected reduction in the lifetime exclusion. We will also address the expected reduction in the standard deduction and how clients will need to learn to itemize their deductions on Schedule A again.
Learning Objectives:
- What is the TCJA?
- What Provisions are expiring?
- What should we tell our clients?
Thank you for attending!
