If you view taxes as a critical factor when making investing decisions (as you should), you may already be aware that several valuable but temporary tax breaks are set to expire at the end of 2025.
If you didn’t know, forgot or simply put off taking action, consider this your heads-up: It’s crucial to prepare for those changes before many of the beneficial provisions put in place by the Tax Cuts and Jobs Act (TCJA) of 2017 go away. Congress could extend those provisions, but that would require the members to work together, which we haven’t seen a lot of lately.
