The Tax Cuts and Jobs Act (TCJA) tax law changes will sunset on Dec. 31, 2025. And although this may seem far off, it’s never too soon to plan. You and your accountant may be able to set up mechanisms now to avoid some of the higher taxes that are coming.
But what exactly will change in 2026, and how will the sunset of these taxes affect you?
Tax Cuts and Jobs Act
President Donald Trump signed the TCJA in 2017. It was a significant tax bill that affected many individuals and corporations. Because Democrats gave pushback on the bill, Republicans wrote in a sunset clause for many of the new taxes. This sunset will take place in December 2025….