Estate and gift tax exemptions are currently at historically high levels but are set to be reduced after 2025. This means individuals with substantial assets may need to act fast to protect their wealth. Current vs. Future Estate Tax Laws
A significant tax reform is under discussion that could eliminate U.S. income tax for American expatriates. Currently, U.S. citizens must file and pay taxes to the IRS regardless of where they reside, but new legislation aims to change that. What’s
The IRS has announced inflation-based adjustments to tax brackets and standard deductions for 2025. These changes are designed to prevent “bracket creep,” where taxpayers end up in higher tax brackets due to inflation rather than an actual increase in their
The Tax Cuts and Jobs Act (TCJA) of 2017 brought significant tax relief to individuals and businesses. However, many of its provisions are set to expire in 2025, potentially altering the tax landscape for millions of Americans. As a taxpayer,
