As 2025 draws to a close, proactive year-end tax planning is important for individuals, trusts, and businesses to minimize tax, maximize available benefits, and ensure compliance with evolving rules. The One Big Beautiful Bill Act (OBBBA) passed earlier this year introduced some tax changes, including permanent extensions of key provisions, new deduction thresholds, and expanded reporting requirements. However, the most impactful outcome from the OBBBA were not changes, but a continuation of tax provisions that were set to expire at the end of 2025. Ultimately, that means 2025 year-end planning strategies remain similar last year. 

The 2025 Blume Keeney Year-end Tax Planning Guide is now available to help you identify key year-end tax planning actions, tailored to your unique circumstances as an individual, trust, or business. By addressing these items before December 31, you can position yourself for a successful tax year and avoid costly surprises.

It’s important to discuss your current tax situation in detail with Jenny, Ryan, or Stephanie.  We’re here to help you wrap up 2025 and head into 2026.