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Back to EpisodesArt Werner: Preparing for the Tax Cuts and Jobs Act to Expire | Quick Tax Tip
Season 6
Published 1 year, 4 months ago
Description
Quick Tax Tip
With Art Werner
CPE Today
As the end of 2024 draws closer, tax advisors and taxpayers should prepare for major changes that could significantly impact tax bills. Art Werner highlights an upcoming challenge: the scheduled expiration of the Tax Cuts and Jobs Act (TCJA), which was signed into law in 2017 and brought significant tax breaks and lower tax rates.
Show notes here | More Art Werner here
Like many tax laws, the TCJA was designed to "self-destruct," meaning its provisions will sunset at the close of 2025 unless Congress takes action.