A Year-End Look Ahead
As the clock winds down on what has been a tumultuous 2024, there are reasons for optimism as we look ahead. The seemingly endless presidential campaign and election are finally behind us. Inflation has eased, interest rates are falling, and the stock market continues to trend upward. And there’s every indication that many of the beneficial provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 will be extended and expanded upon when the new Congress convenes.
As always, our approach to tax planning is shaped by both present conditions and future expectations. You’ll find the basics in our just-published 2024 Tax Planning Guides, which include information and planning strategies based on federal laws, regulations, court cases, and policies that are in effect as of the publication date. As you read them, keep in mind that their focus is on federal tax law and policy. State and local tax considerations must also be taken into account and should be discussed with your Weiss tax adviser.
Finally, remember that tax planning is a continuous effort, one that must constantly adapt to changing conditions in real time. Weiss & Company LLP is here to help you throughout the year to make sure the financial choices you make will provide the best tax result possible. We encourage you to reach out to us in order to talk through your current situation and make sure you are capturing all of the tax benefits available to you for your 2024 tax filings.
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