Unless Congress takes action, the lifetime estate and gift tax exemption will decrease significantly at the end of 2025. Donor-advisor funds, charitable remainder trusts, and SLATs can help reduce the impact.By Patrick McDonald Oct 02, 2023, 4:39 pm EDT The clock is ticking for advisors see...
The Tax Cuts and Jobs Act (TCJA)—enacted on January 1, 2018, under President Donald Trump—is significant legislation that altered many parts of the federal U.S. tax code. Many of its provisions are scheduled to sunset in 2025.
As the 2025 sunset of the Tax Cuts and Jobs Act (TCJA) looms, financial advisors send a letter to Congress.