13 Nov 2024 Tax Planning Guide 2024-2025
To keep your taxes to a minimum, you must know all the tax breaks you’re eligible for and implement strategies that maximize these opportunities while staying within the law. Even though the Tax Cuts and Jobs Act (TCJA) went into effect six years ago, it continues to impact tax planning significantly. With many of its provisions set to expire after 2025, there may be actions you can take this year to lock in tax savings. And with the upcoming 2024 elections, potential changes in tax laws could shape the tax landscape for years to come.
Year-round strategies to make the tax laws work for you
This guide provides an overview of key tax provisions and offers a range of strategies to help you minimize your taxes in the current environment. Use it to identify the strategies that best fit your situation. Consult your Haynie & Company tax advisor to pinpoint the most effective approaches for your unique situation and stay updated on emerging tax law developments.
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