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Kiplinger
Kiplinger
Business
Christopher F. Tate, J.D.

MYSTERIOUS: The clock is ticking on tax cuts act now to avoid missing out | Mind Blowing Facts

Tax Cuts
A clock in the background with cash on top of its face.

Since it was enacted, we’ve been aware of the Tax Cuts and Jobs Act’s built-in “sunset” date of December 31, 2025. Come the first day of 2026, almost all of the legislation’s significant changes to tax-related provisions will revert to what existed before the TCJA was passed in 2017. At that time, the sunset date seemed far off. Now, in 2024, it is rapidly approaching. The time to plan for the sunset is now — let’s break down what is at stake.

Federal estate, gift and generation-skipping transfer (GST) tax considerations

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