Do you know the tax changes to come in 2025? Here's how to prepare right now.

April 11, 2024

Blog Post

Mike Witzke, the Chair of the Estate Planning and Probate Practice Group, explains changes coming to estate tax in 2025.

There will be increased income taxes, reduced standard deduction and the estate tax exemption is set to be cut in half in 2025.

Contact McDonald Hopkins' Estate Planning and Probate Team if you have any questions.

McDonald Hopkins' Michael Riley will be presenting on "Future Outlook: Estate and Succession Planning" at the Ohio Court Reporters Association 2024 Annual Conference in Cleveland.

Facing headwinds from a variety of sources, nonprofit institutions generally, and higher education institutions in particular, are navigating through unprecedented financial challenges.

From 2020 to 2023, there was a high degree of uncertainty in the future of tax and estate planning. This year, with a split in legislative control and less of a chance the laws will change, the outlook is more predictable and our Estate Planning and Probate team has highlighted 5 key changes and planning opportunities related to gift, tax, and retirement planning.

Do you know the tax changes to come in 2025? Here's how to prepare right now.

You may also be interested in