Last year’s election results have set the stage for significant changes in tax legislation. The new administration is expected to prioritize extending the Tax Cuts and Jobs Act of 2017 (TCJA) and potentially repealing parts of the Inflation Reduction Act, which may lead to adjustments in corporate taxes and individual tax provisions. As we navigate these changes, it is important for individuals and businesses to stay informed and proactive in their planning approach. We explore a number of immediate strategies you might consider to help you meet your financial, wealth-transfer, and philanthropic goals.
