For the 2024 and 2025 tax years, individual taxpayers should be mindful of upcoming changes, especially with the scheduled expiration of provisions from the Tax Cuts and Jobs Act (TCJA) in 2026. Understanding how these changes may impact your tax liability is essential for strategic planning. Income Tax Brackets & Capital Gains For 2024, individual…
By Jorge Estrada, CPA | Nonprofit Audit and Tax Senior Manager The Tax Cuts and Jobs Act (TCJA) passed at the end of 2017 made the most far–reaching changes to the tax code since 1986. While many in the nonprofit industry believe the changes in the tax law are creating a more challenging environment for…