Understanding Upcoming Tax Changes
Date: 2024-10-09
When the Tax Cuts and Jobs Act (TCJA) was enacted in 2017, several of the provisions were set to sunset in 2025 (or before). These expiring provisions will impact both individual taxpayers and businesses. As a result, Congress is likely to consider significant tax legislation next year.
Learn the scope of potential legislation under various election results including how Congress may attempt to modify or eliminate certain tax exclusions, deductions, or credits to raise revenue.