Expiring Tax Credits: Will Your Taxes Increase in 2025?

Did you know that Trump’s tax cuts might expire in 2025? What that could mean for your retirement and investments?

First introduced in 2017, Trump’s tax credits have impacted various tax brackets, standard deductions, and estate taxes. These tax cuts simplified the tax process for many Americans by raising the standard deduction and lowering certain tax rates, especially for those in or nearing retirement.

Mike explains what could happen to your portfolio if these credits are allowed to expire in 205, highlighting the potential increase in estate tax exemption (which could play a major role in your long-term financial planning).

With the future of these tax policies uncertain, it’s vital to stay informed and prepared. Whether you’re worried about higher taxes on your income, investments, or estate, it’s critical to understand how these changes could affect you. By the end of the video, you’ll have a clearer sense of what actions to take to protect yourself and your assets moving forward.

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