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The Next Big Tax Shake-Up: How a New Tax Bill Could Impact You
Manage episode 471140505 series 3404044
Big tax changes could be coming soon!
On February 25, the House passed a budget resolution setting a $4.5 trillion cap for a new tax bill that could replace the Tax Cuts and Jobs Act (TCJA) before it expires at the end of 2025. But what will the new law look like, and how will it impact your financial plan?
In this episode, Tyler Emrick, CFA®, CFP®, breaks down the key debates in Congress, what changes might be coming, and how you can prepare now to optimize your tax strategy.
Here’s some of what we discuss in this episode:
📉 TCJA Expiration in 2026 – What happens when the current tax cuts expire?
⚖️ New Tax Bill Proposals – The biggest changes lawmakers are considering
💰 How to Prepare – What you should do now before changes take effect
⏳ Why Timing Matters – Waiting too long could cost you thousands
📊 Tax Planning for Retirement – Strategies to minimize your tax burden
Have questions?
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth's CFP® Professionals.
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