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Description
As planners, we have a fiduciary duty to our clients which includes understanding the tax impact of our recommendations to each
client. The tax code continues to be complex, and, in certain cases, an extra dollar of income can have a real impact on a
client's tax due. This session will cover the highlights for tax preparation for the 2025 tax year as well as look forward to the
2026 tax year and what advisors can expect and include tax planning tips related to the One Big Beautiful Bill Act.
Learning Objectives
Attendees will understand the accelerators that can hit taxpayers at the low- and moderate-income level due to capital
gains, health care costs, etc.
Roth conversions are more popular than ever, and understanding when they make sense, and also that the conversion may be taxed at a higher rate than the marginal bracket, can often be surprising including the new Enhanced Senior Deduction reduction.
The advisor will take away a number of planning opportunities that exist within the nuances of the tax code, as understanding the planning opportunities is an important aspect of our client relationships.