Hi there! I’m Kyle Luetters, with this month’s Ask the CFP®. As we approach 2026, some big tax changes are on the horizon. The Tax Cuts and Jobs Act is set to expire at the end of 2025; if this happens, things like income tax rates and the standard deduction will revert to pre-2018 levels, with an adjustment for inflation. The child tax credit will be cut in half, personal exemptions will return, and the estate tax exemption will drop significantly.
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