HOW TO PREPARE FOR THE SUNSET OF TCJA PROVISIONS

03/25/2024 10:35AM ● By JENNIFER KRAUSE, DAVIS & HODGDON ADVISORY GROUP

The Tax Cuts and Jobs Act (TCJA) of 2017 (sometimes referred to as the Trump tax cuts) had a significant impact on virtually every business and individual. Unless Congress acts soon, several of the tax benefits provided by the TCJA will expire on December 31, 2025. Understanding how this could impact your short- and long-term financial plans is critical.