Are you maximizing your tax benefits? Take a closer look with our 2025 year-end tax planning guide. Ensure your strategy reflects the latest updates, including the newly enacted One, Big, Beautiful Bill (OBBB).
The One, Big, Beautiful Bill (OBBB), signed into law on July 4, permanently extends many Tax Cuts and Jobs Act (TCJA) provisions that were set to expire after 2025. These include lower individual tax rates and higher gift and estate tax exemptions, which are critical benefits for wealth planning. At the same time, OBBB locks in reductions or eliminations of certain deductions that were scheduled to return, reshaping the tax landscape for high-income taxpayers.
Beyond preserving certain TCJA provisions, OBBB introduces new and enhanced tax breaks, though many are subject to income-based phaseouts that limit their value for top earners. Additionally, it eliminates several clean energy incentives.
For high-income individuals, minimizing tax liability will require strategic planning: monitoring income throughout the year, identifying eligible breaks, and implementing tailored strategies to maximize savings while maintaining compliance. This guide highlights key provisions and actionable strategies to help you navigate the current environment effectively — use it to work closely with your tax advisor to apply these insights and stay ahead of any new tax law changes.
What’s inside:
- Income & deductions
- Executive compensation
- Investing
- Real estate
- Business ownership
- Charitable giving
- Family & education
- Retirement
- Estate planning
- Tax rates
