Welcome to the 2024 edition of the Blume Keeney PLLC year-end tax planning guide.  While the upcoming changes in our political landscape remain complex, the purpose of this guide is simple; to help you consider important items that might impact your 2024 taxes. 

With the election rhetoric still fresh in our minds, creating a sense of uncertainty regarding taxes, it’s important to first focus on what we know about current tax law for planning in 2024.  Thankfully, there have been no recent tax laws to navigate as the year comes to a close.  Assuming Congress does nothing regarding tax legislation, several provisions from the 2017 Tax Cuts and Jobs Act (TCJA) will expire at the end of 2025.  That means 2024 year-end planning strategies remain similar to 2023, but planning for year-end 2025 will be more complicated.    

For personalized strategies tailored to your situation, please reach out to our team. We’re here to help you make the most of your financial resources as we head into 2025.