Tax Moves to Consider Now Before 2017 Cuts Expire

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Tax Moves to Consider Now Before 2017 Cuts Expire
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The Trump-era tax cuts will phase out at the end of 2025 unless they are extended. Financial advisers say now is the time for retirees—and near retirees—to start planning for that.

Taxpayers in or near retirement should begin planning now for the potential expiration in 2025 of many provisions of the 2017 tax-overhaul law.The tax-overhaul law signed by President Trump in 2017 brought sweeping changes. Among other things, it lowered individual income-tax rates, almost doubled the standard deduction and raised the estate-tax exemption.

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