Tax Reform and Expiring Provisions: Navigating the 2025 Deadline ON DEMAND

Overview

It’s no secret that elections are consequential for a variety of reasons. One key area that experts are watching in light of the 2024 election is tax policy. Kasey Pittman, Director of Tax Policy, at Baker Tilly, walks viewers through the provisions which are set to expire at the end of 2025. She provides her insights regarding potential avenues for tax reform, highlighting the reconciliation process and its limitations. Pittman delves into the impact of a Republican unified government and what that could mean for tax reform, such as in the state and local tax arena. She also explores the challenges that tax advisors and businesses may face in 2025 and how those advisors can best support their clients.

Highlights

Tax reform. Expiring provisions.

Prerequisites

None.

Designed For

CPAs and tax professionals.

Objectives

Identify the provisions which are set to expire at the end of 2025. Recognize the consequences of the 2024 election for potential tax reform. Recall the challenges of implementing tax reform. Identify the limitations of the reconciliation process.

Preparation

None.

Notice

None.