Prepare for the evolving tax landscape in 2025
Planning for today with an eye on the Horizon
With an evolving tax landscape, it’s important not to lose perspective on your current tax planning goals and objectives. This release will help you to plan today with an eye on the horizon for issues such as the impact of the federal election on upcoming tax policy considerations, the potential sunset of many individual provisions of the Tax Cuts and Jobs Act of 2017 (TCJA), and a more aggressive tax enforcement environment. Our 2025 tax guide helps you to stay ahead of the ever-changing tax environment and focus on your individual or wealth transfer tax goals to help preserve your family legacy.
Key takeaways
- Election impacts: Examine the impact of the recent federal election on the political landscape and tax legislative updates. Understanding shifting political agendas often requires frequent, timely touchpoints.
- Proactive planning is key: To avoid costly surprises, regular assessment of your individual income or wealth transfer tax goals and strategic are important elements of overall legacy planning.
- Increased IRS enforcement: With nearly $45.6 billion in supplemental funding allocated for enforcement, family enterprises and high-net-worth individuals should expect more aggressive scrutiny, especially concerning tax evasion.
With the potential for vast change on the horizon, it is vitally important to understand, analyze, and determine what steps are right for you. By breaking down complex topics and providing new perspectives, this edition can help prepare you for the coming weeks and months.
Safeguarding wealth with proactive tax strategies
With the IRS ramping up its enforcement efforts, proactive tax planning is more important than ever. Staying on top of potential risks, maintaining detailed records, and keeping up with wealth transfer and tax law changes can help you avoid surprises. By working closely with tax professionals and preparing in advance for possible audits, you can also strengthen your legacy planning strategy—and gain more peace of mind.
2025 Essential tax and wealth planning guide
From understanding upcoming shifts in tax policy and preparing for the expiration of 2017’s TCJA to managing potential changes in tax controversy, this report is packed with valuable insights to help you stay ahead of critical tax changes. Don’t miss out—download our full guide today.
Inside Deloitte's 2025 Essential tax and wealth planning guide
Whether you’re focused on a family enterprise, managing a wealth transfer, or diving into legacy planning, our comprehensive guide delivers the insights you need to help navigate the evolving tax landscape. Explore the guide’s detailed sections for a closer look at how evolving tax policy, the upcoming TCJA expiration, and potential tax disputes may influence your wealth planning.
Explore previous planning guides
View the 2024 guide
View the 2024 midyear guide
View the 2023 guide
Reach out to our team to learn more about private wealth services at Deloitte.
