As we enter the final quarter of 2024, Americans should start thinking about their tax planning for the upcoming year. SC&H Wealth principal and wealth...
As we enter the final quarter of 2024, Americans should start thinking about their tax planning for the upcoming year. SC&H Wealth principal and wealth advisor Judy Brown joins Wealth! to discuss strategies for effective tax preparation .
So I think it's the first step is looking at what your financial goals are and then taking a look at your tax returns more carefully.So, right now, looking at, um, we in September, so it's a great time to hone in on 2024 taxes before the year wraps up. Interesting, not so much between 2024 and 2025 but between 2025 and 2026 we are expecting some big changes and that's because of the tax cut in Jobs Act, which was signed in, back in December of 2017, expires or sunsets.Um, in the, in one that's been talked about a lot is the annual or the lifetime estate and gift exclusion, reducing to about half.
I think they definitely should be paying close attention and, and trying to see how it's gonna impact again their personal goals.
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