That's right.  All of those benefits including lower taxes that came from the 2017 changes to the federal tax code are scheduled to revert back at the end of 2025.  Unless, congress and the president do something about it.

That doubling of the standard deduction, it will go away.  The lowering of tax brackets, back to the old higher tax brackets and much more.  Benefits for small business will be gone.

Assuming that our dysfunctional government will not rise to the challenge, you need to take some actions with your CPA and financial advisor to put your financial house in order.  There are things you can do to minimize the impact of the roll back.  Listen as we discuss the topic.

Please visit our blog site at RetireCoast.com to read more about this and other topics in the areas of financial health, retirement real estate and more.