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Use It or Lose It: Estate Tax Exemption “Sunset”

Cherry Bekaert

On December 31, 2025, the current federal lifetime estate and gift tax exemption amount is scheduled to revert to pre-2018 limits, effectively reducing the tax benefit by 50% 1. Though taxpayers currently enjoy historically high exemption amounts, the sunset will cause the exemption to decrease by roughly 50% after 2025.

Tax 59
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Professionals on the Move – Sept. 2024

CPA Practice

He succeeds Vic Alexander, who will transition to an of-counsel role beginning November 1, 2025, after 43 years with the firm, including 31 years as chief manager. Becca Martin specializes in partnership taxation and supports clients in tax planning, tax consulting and tax return preparation.

Kansas 104
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Trump vs Harris: How Protectionist Policies Could Impact Global Trade

Cherry Bekaert

Trump Aims for Lower Taxes, Higher Tariffs Taxes Under Trump The Tax Cuts and Jobs Act (TCJA) of 2017 was Trump’s signature piece of economic legislation passed in his first term. Several provisions of the TCJA are set to expire at the end of 2025. Harris may keep some policies from the Biden-Harris administration.