High earners face a ticking clock: Major provisions of the Tax Cuts and Jobs Act will expire after 2025, potentially raising income tax rates, lowering estate and gift exemptions, and changing deductions. Acting now could save thousands and protect long-term wealth.
“Many households could face higher marginal income tax rates, a meaningfully lower estate and gift tax exemption, and changes to itemizing and deductions,” said Bill Harris, founder and CEO at Evergreen Wealth.
