00:00It's Benzinga, and here's what's on the block.
00:03Top financial advisors are preparing for a potential tax cliff in 2025 when the Tax Cuts
00:08and Jobs Act expires.
00:10The TCGA, signed into law by former President Donald Trump in 2017, introduced several temporary
00:16tax breaks for individuals such as lower tax brackets, higher standard deductions, a larger
00:21child tax credit, and estate tax exemptions.
00:24Advisors are developing strategies to help clients mitigate the effects, focusing on
00:28estate planning and income acceleration ahead of possible tax hikes.
00:32For all things money, visit Benzinga.com.
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