All Insights

December 19, 2023

Sunset of the Tax Cuts and Jobs Act (TCJA): Part 1, Estate Tax

The Tax Cuts and Jobs Act (TCJA), enacted in 2017 and effective January 1, 2018, has been a conversation topic with our clients for some time, though the legislation will soon jump into national prominence due to the upcoming election cycle and looming “sunset” date.

The sunset date—December 31, 2025—marks when many changes introduced in the law revert to provisions that were in effect before the legislation was passed in 2017. This includes significant changes to gift, estate, and generation-skipping transfer (GST) tax provisions of the tax code and to various income tax provisions of the tax code.

In the latest episode of our “ConsiderIt Wealth” podcast, Partner and Wealth Strategist Chris Tate, J.D. breaks down the estate tax component of the TCJA sunset in the first of two episodes covering the legislation.

Founding Partner, CEO, and Head of Wealth Planning Rick Simonetti moderates the conversation, which discusses what clients will give up if no action is taken, what options are available to make use of the historically high exemption, and why now is the time to start planning (if you haven’t already).

Log Into the Fidelis Capital
Client Portal