Trump’s tax cuts could expire after 2025. How advisors are preparing [Video]

Estate planning is a ‘large focus’

‘Accelerate income’ before tax hikes

Pass-through businesses such as sole proprietors, partnerships or S corporations may also want to accelerate income to leverage the 20% qualified business income deduction, which could also sunset after 2025, Traphagen said.

Consider ‘deferring deductions’