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05 November 2024

Steps companies should take now to prepare for major tax legislation in 2025

Congress is all but certain to consider major tax legislation in 2025. That's because essentially all of the individual income tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) expire at the end of next year, setting up tax increases on nearly every American taxpayer. Colleen O'Neil, Ernst & Young LLP US National Tax Department Leader and Lisa Wolski, Managing Director at Washington Council Ernst & Young LLP share what companies need to think about now to prepare for these changes. Learn more in this EY article.

Document ID: 2024-2026

 

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