Blog tagged as Tax Reforms

This post highlights the upcoming expiration of the 2017 Tax Cuts and Jobs Act at the end of 2025 and explains how these changes could impact your taxes in 2026. It breaks down who will be affected, what to expect, and why early tax planning is essential.

Trump's Tax Reform impacts returns by increasing standard deductions, removing exemptions, capping local tax deductions, limiting mortgage interest deductions, reducing medical expense deduction thresholds, and suspending miscellaneous deductions. Consult a CPA for personalized guidance.