IRS adjustments, 401(k) changes, potential TCJA extensions, and more.
With the Republican win in the U.S. presidential election, the tax and accounting profession is bracing for the potential tax law changes that now lie ahead as President-elect Donald Trump returns to the White House. Meanwhile, the IRS has outlined several of its planned adjustments for 2025.
- IRS adjustments for 2025
- 401(k) and Roth changes
- Future of the TCJA
- Elimination of taxes on Social Security benefits
- Stay aware of upcoming tax law changes
To dig deeper, visit the original article on the Thomson Reuters blog.