The Ways and Means Committee’s recent report explores potential changes to tax policy that could impact estate planning strategies. These changes include modification of IRA rules, elimination of Head of Household filing status, reduction of the estate tax exemption, and repeal of the SALT deduction. These proposals could significantly affect how you plan for the future. Stay informed to ensure your estate plan aligns with your financial goals and legacy objectives.
Read the full report: Ways and Means Committee Budget Options
Have questions about how these changes might affect your plan? Let’s connect to discuss proactive strategies.