![]() Project Your Lifetime Taxes With and Without a Change to 2026 Tax Brackets However, looking at different scenarios is useful for your peace of mind and financial solvency. It is difficult to prepare – even for a sure thing – when you don’t really know all the details of what might happen in the future. 6 Ways to Prepare for the TCJA Expiration?ĭeath and taxes may be inevitable, but the details surrounding either eventuality make a big difference in your life. The only thing we know for sure right now is that there is no way to know what will happen. If bipartisan agreement can’t be reached, it allows each political party to point the finger at the other for the expiration.įurthermore, if the economy is still struggling, then the ability to raise taxes on corporations to potentially enable lower taxes for households may not be a viable option. Some analysts point to recent history and predict that the TCJA will expire due to gridlock in government. ![]() ![]() For example: Will one party hold power in Washington or will the federal government be split between democrats and republicans? What will be on the legislative agenda in 2025? Will we be in recession or will the economy be booming again? There is no way to definitively predict what is going to happen.įuture scenarios depend on elections and complicated governmental and economic factors. What is the Likelihood of the TCJA Expiration?
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