Planning For The Tax Cut Sunset

The Tax Cuts & Jobs Act is set to sunset at the end of 2025. For many people, this expiration of tax cuts will mean more of your money will be going toward taxes. Heritage Financial’s Chief Planning Officer, Ed Jastrem, joins Sammy Azzouz to discuss the “use it or lose it” window of time that is left to save on taxes and shares the impacts this could have on your wealth, your habits, and your legacy. What does the TCJA sunset mean for 2026 and beyond?Could legislation be proposed to halt the sunset, or parts of it?2026 is over a year away, why start planning now?What are the downsides to pre-planning if something does change with the sunset?For the most personalized and strategic plan that best meets your needs, we recommend collaborating with your wealth manager, tax advisor, and estate planner. Content in this episode is for informational purposes only and should not be construed as tax or legal advice. Take your wealth to the next level with How To Build Your Next Million, our educational video course and ebook. You’ll learn the financial tools and strategies that will help you SAVE more, KEEP more of what you earn, GROW your portfolio, and PROTECT your nest egg to enhance your overall wealth.We’d love to hear from you! Email us questions, ideas, or feedback at [email protected].