As we look to the results of the midterm election, it appears that we will have a divided government in 2023-2024 and we will need to carefully consider the impact on our clients. Year-end planning could include tax loss harvesting for crypto, new energy provisions and investments, Roth conversions and filling up the 22% and 24% tax bracket. We will also need to give careful consideration to the preparation for the sunset of the Tax Cuts and Jobs Act of 2017 regarding the federal gift and estate tax exclusion. As you approach this with your clients, conversations and plans will need to be developed in preparation for the changes happening in 2026. In this PFP Section podcast, Bob Keebler, CPA/PFS also addresses the following:
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