01/24/2025
Are You Prepared for the Tax Cuts and Jobs Act (TCJA) Expirations?
Big changes are coming to the tax landscape in 2026, and it's critical to prepare now. The Tax Cuts and Jobs Act (TCJA) introduced significant benefits, but many of its provisions are set to expire at the end of 2025. These changes could increase your tax liability if you're not ready.
Here's what you need to know:
✅ Individual tax rates are reverting to pre-TCJA levels, with a top rate of 39.6%.
✅ The 20% Qualified Business Income (QBI) deduction for pass-through businesses will phase out.
✅ Bonus depreciation benefits will wind down by 2026 unless extended.
But it's not all bad news—some provisions, like the 21% corporate tax rate and enhanced Section 179 deductions, are here to stay, offering strategic planning opportunities.
Why this matters:
Proactive planning now can help you minimize tax liabilities, maximize deductions, and align your strategy for long-term success.
👉 Read my full article to learn how these changes might impact your taxes and what you can do today to stay ahead: https://www.ltwcpa.com/taxinsightsstrategies/preparing-for-change-how-the-expiring-tcja-provisions-could-impact-your-taxes
If you have questions or need personalized advice, don't hesitate to reach out—I’m here to help you navigate these changes with confidence.
Stay ahead of the curve as key provisions of the Tax Cuts and Jobs Act (TCJA) expire in 2025. Learn about changes to individual tax rates, QBI deductions, bonus depreciation, and how to maximize tax-saving opportunities. Proactive planning is essential—read now to prepare for what's ahead!