Tax reform is on the horizon... Are you ready? The Tax Cuts and Jobs Act is set to expire in 2025. That means potential shifts in estate tax exemptions, deductions, and income tax rates. Without action, high-net-worth individuals could see their exemptions slashed, changing the landscape of wealth transfer planning. In the latest episode of The Balance Sheet, Nick Brown, CFA, CFP? and Brian W. Sak, CFP?, CLU?, ChFC? break down: ? What could change in estate and gift tax laws ? How tax policy shifts based on political control ? Proactive steps to take now before 2025 arrives ?? Tune in now on Spotify: https://lnkd.in/eg4WnCcX ?? Listen on Apple Podcasts: https://lnkd.in/eb7rsUes What’s your biggest concern about the upcoming tax changes? Drop your thoughts below.
Keeping an eye on potential shifts now can make all the difference down the road. Great episode Brian & Nick!
Should tax reform prioritize business owners, individuals, or both?